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TI CORA Geosciences I nc. • 19000 West Highway 72 • Suite 100 • Arvada, CO • Phone : 720-898-8200

Provided Via Email

19000 W. Highway 72, Suite 100 Arvada, CO 80007 Tuesday, January 24, 2006 Ron Jones Ascent Energy Inc. 1700 Redbud Blvd., Suite 450 McKinney, TX 75069 Re: Data Revision for the Woodford/Caney Shale six well (OGS Sample Library) Final Report Dear Mr. Jones: TICORA Geosciences, Inc. was contacted by Tim Ruble from Humble Geochemical Services on January 23, 2006 and informed us of some data discrepancies that came to light recently for the project and report we completed for you in January of 2005. The discrepancies involve the calculated %Ro, measured %Ro and Tmax values for TICORA sample # ISO052-2 from the Holt 1-19 well at a depth of 3701.8 feet. It appears that the sample’s thermal maturity was underestimated due to a large population of granular bitumen that was distinct from the true population of vitrinite. This error lead Humble to question the maturity assessment of all the other samples associated with this project, therefore they reevaluated the entire suite and found there were no other discrepancies beyond ISO052-2. The relevant data that needs revision can be found in Appendix II of the report (pp. 55 of the pdf version). I have attached the letter from Humble that was submitted to Mike Watt, our lab manager, along with the rerun Rock-Eval and TOC data. I have also attached a copy of the original report for your convenience. Sincerely, TICORA Geosciences, Inc. Chad Hartman Manager of Isotherm Laboratory

January 16, 2006 Michael Watt TICORA Geosciences, Inc. 19000 West Hwy. 72 Suite 100 Arvada, CO 80007

• Re. Project #04-2593 data revision

Dear Mike: We have been informed of a possible discrepancy in reported maturity data for a sample from Humble Project #04-2593 that was sent to you back on October 25, 2004. The sample in question is HGS #04-2593-089835, also identified with a TICORA sample number ISO052-2. We are sending this letter to notify you and your clients that subsequent analyses have revealed an apparent error in the reported maturity values for Tmax, calculated %Ro and measured %Ro. Brian Cardott from the Oklahoma Geological Survey sent an inquiry to HGS on 9/22/05 regarding maturity data from the sample obtained from the OGS and reported by Ascent

• Energy. There was a significant discrepancy between his measured mean vitrinite

reflectance value of 1.23% on a sample from the same core and the HGS reported value

• f 0.77%. During his petrographic analysis, Brian noted a population of granular

bitumen with a measured reflectance value of 0.50–0.93% BRo that was distinct from the true population of vitrinite (rare and often pitted) having a 1.23% Ro. Upon being informed of this apparent discrepancy in measured vitrinite reflectance, we undertook a re-evaluation of both petrographic analyses and Rock-Eval data. The

• riginal Tmax value of this sample (438°C) and calculated %Ro (0.72%) closely matched

the measured vitrinite reflectance value of 0.77%. While this gave confidence in the integrity of the original reported data, the presence of bitumen (or pyrobitumen) in the sample could have significantly affected both the Rock-Eval and petrographic data. In addition, the relatively high PI of 0.22 for this sample also suggested a possibly higher level of thermal maturity than indicated. To address these concerns, the sample in question was solvent extracted to potentially remove the bitumen and then re-analyzed by Rock-Eval. The results clearly indicate that a bitumen component was contributing to the original S2 peak and thereby affecting the Tmax value. Rock-Eval S2 yields dropped by almost half in going from 10.34 mg/g rock in the original sample to 5.63 mg/g rock in the extracted sample (consequently HI also

Humble Geochemical Services

Division of Humble Instruments & Services, Inc.

P.O. Box 789 Humble, Texas 77347 218 Higgins Street Humble, Texas 77338 Telephone: 281-540-6050 Fax: 281-540-2864 Web site: www.humble-inc.com Email: truble@humble-inc.com

dropped from 146 mg/g TOC to 85 mg/g TOC). The revised Tmax from the extracted sample is 456°C, giving a calculated %Ro of 1.05%. Although still below the measured %Ro value of 1.23% of Cardott, this revised data from the extracted rock indicates a significantly higher level of thermal maturity and supports Cardott’s petrographic

• interpretation. Thus, we now believe that the HGS reported measured vitrinite

reflectance value is incorrect and has been measured on granular bitumen as opposed to the true vitrinite population in this sample. Our concerns for this apparent error in maturity assessment led us to also investigate the

• ther sample in this project for which Rock-Eval and measured vitrinite reflectance were

determined (HGS #04-2593-089840). Extraction of this sample resulted in essentially no discernable difference in Rock-Eval S2 yields or in the Tmax value. In this instance, the

• riginal and extracted calculated %Ro values were also in close agreement with measured

%Ro values and were corroborated by relatively low PI values. Thus, the previous error does not appear to be a consequence of any analytical errors in Rock-Eval or petrographic measurements, but is likely related directly to the presence of bitumen within the sample in question. We at HGS apologize for our inability to identify at the outset and correct geochemical results affected by the bitumen component in the sample in question. While we always strive to provide the most accurate data to our clients, occasionally peculiarities and heterogeneity in natural samples can thwart such goals. Our desire at this point is to correct the erroneous data by providing you with a complete discussion of the causes and

• utcome of our subsequent analyses. We are providing you with this information so that

you can forward it on to all parties concerned, including your direct clients and those, such as the OGS, who received the erroneous data. If you have any additional questions or requests regarding this please feel free to contact me and we will do what we can to address your concerns. Best Regards, Tim Ruble, Ph. D. Geochemist

TOC and ROCK-EVAL DATA REPORT Ticora Geosciences Notes HGS Sample Sample TOC S1 S2 S3 Tmax Cal. Meas. HI OI S2/S3 S1/TOC PI

Checks Pyrogram

No. Id. Type (oC) %Ro %Ro 04-2593-089834 ISO052-1 ground rock 7.86 2.85 9.70 0.42 454 1.01 123 5 23 36 0.23 c n 04-2593-089835 ISO052-2 extracted 6.58 1.67 5.63 0.14 456 1.05 0.77 86 2 40 25 0.23 n 04-2593-089836 ISO052-3 ground rock 8.09 2.90 9.59 0.29 443 0.81 119 4 33 36 0.23 n 04-2593-089837 ISO052-4 ground rock 11.28 4.98 64.49 0.69 428 0.54 572 6 93 44 0.07 n 04-2593-089838 ISO052-5 ground rock 11.15 4.88 54.27 0.55 424 0.47 487 5 99 44 0.08 n 04-2593-089839 ISO052-6 ground rock 14.34 7.12 75.88 1.16 422 0.44 529 8 65 50 0.09 n 04-2593-089840 ISO052-7 ground rock 12.07 4.82 59.47 0.81 427 0.53 0.62 493 7 73 40 0.07 n 04-2593-089841 ISO052-8 ground rock 9.48 4.24 45.96 0.69 428 0.54 485 7 67 45 0.08 n 04-2593-089842 ISO052-9 ground rock 9.34 4.66 51.47 0.49 428 0.54 551 5 105 50 0.08 c n Note: "-1" indicates not measured or meaningless ratio * Tmax data not reliable due to poor S2 peak TOC = weight percent organic carbon in rock S1, S2 = mg hydrocarbons per gram of rock S3 = mg carbon dioxide per gram of rock Tmax = oC HI = hydrogen index = S2 x 100 / TOC OI = oxygen index = S3 x 100 / TOC S1/TOC = normalized oil content = S1 x 100 / TOC PI = production index = S1 / (S1+S2)

• Cal. %Ro = calculated vitrinite reflectance based on Tmax

Measured %Ro = measured vitrinite reflectance Notes: c = analysis checked and confirmed Pyrogram: n=normal ltS2sh = low temperature S2 shoulder ltS2p = low temperature S2 peak htS2p = high temperature S2 peak f = flat S2 peak

Humble Geochemical Services Division Page 1

Final Report Reservoir Property Analysis

WOODFORD/CANEY SHALE

Six Wells Wells – OGS Sample Library Holt 1-19 : 10N 12E-19 NW NW – Core Samples MFU 5-17 : 2N 7E-29 SW NE NW NW – Core Samples EFU 9-41 : 2N 7E-27 NW NE NE NW – Core Samples Kirby Gilberth 1-20 : 9N 2E-20 NW SW SE NW – Core Samples Jonas #3 : 5N 8E-17 – Cutitings Samples Chandler #3 : 5N 7E-35 – Cuttings Samples Oklahoma Submitted To: Ascent Energy Inc. 1700 Redbud Blvd., Suite 450 McKinney, TX 75069 Attention: Mr. John Pinkerton. Submitted By:

TICORA Geosciences, Inc.

19000 West Highway 72, Suite 100 Arvada, Colorado 80007 Office: (720) 898-8200 Fax: (720) 898-8222

January 11, 2005

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment TICORA Geosciences, Inc. TICORA Geosciences, Inc. Disclaimer LEGAL NOTICE: This report was prepared by TICORA Geosciences, Inc. as an account of work performed for the client and is intended for informational purposes only. Neither TICORA Geosciences, Inc., nor any persons or organizations acting on its behalf: (a) Makes any warranty or representation, expressed or implied, with respect to the accuracy, completeness, or usefulness of the information contained in this report; or (b) Assumes any liability with respect to the use of, or for damages resulting from the use of, any information, apparatus, method, or process disclosed in this report.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page i TICORA Geosciences, Inc. TABLE OF CONTENTS Section Page 1.0 INTRODUCTION.............................................................................................................................. 1 2.0 LABORATORY ACTIVITIES............................................................................................................ 5 2.1 Helium Density................................................................................................................................. 5 2.2 TOC and Rock Eval Testing ............................................................................................................ 5 2.3 Adsorption Gas Storage Capacity Analysis ..................................................................................... 6 2.4 Vitrinite Reflectance Analysis........................................................................................................... 6 3.0 FINDINGS........................................................................................................................................ 7 3.1 Total Organic Carbon (TOC) and Grain Density.............................................................................. 7 3.2 Rock Eval......................................................................................................................................... 8 3.3 Vitrinite Reflectance ....................................................................................................................... 11 3.4 Tight Rock Core (Shale) Analysis.................................................................................................. 12 3.5 Total Gas Storage Capacity........................................................................................................... 14 3.5.1 Methane Adsorption Gas Storage Capacity................................................................................ 14 3.5.2 Total Gas Storage Capacity ........................................................................................................ 18 4.0 REFERENCES............................................................................................................................... 21 LIST OF TABLES Page Table 1-1 Well Details and Location......................................................................................................... 2 Table 1-2 Detailed Analysis Program....................................................................................................... 4 Table 3-1 Grain Density and TOC Results............................................................................................... 8 Table 3-2 Tight Rock Analysis Results................................................................................................... 13 Table 3-3 Sorption Isotherm Test Parameters and Results................................................................... 16 Table 3-4 Total Gas Storage Capacity Estimates .................................................................................. 20 LIST OF FIGURES Page Figure 1-1 Core Hole Location Map .......................................................................................................... 1 Figure 3-1 Reciprocal Helium Density versus TOC Content..................................................................... 7 Figure 3-2 Kerogen Type........................................................................................................................... 9 Figure 3-3 Kerogen Conversion and Maturity.......................................................................................... 10 Figure 3-4 TOC versus Remaining Hydrocarbon Potential Diagram ...................................................... 11 Figure 3-5 Adsorbed Gas Storage Capacity for ISO052-2...................................................................... 17 Figure 3-6 Adsorbed Gas Storage Capacity for ISO052-7...................................................................... 17 LIST OF APPENDICES Appendix I ................................................................................................................................. Grain Density Appendix II ................................................... TOC and Rock Eval Results – Humble Geochemical Services Appendix III ................................................... Vitrinite Reflectance Results - Humble Geochemical Services Appendix IV..........................................................................................Tight Rock Core Analysis – TerraTek Appendix V.................................................................................................. Core Lithology and Photography Appendix VI.....................................................................................................................Adsorption Isotherm

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 1 TICORA Geosciences, Inc. 1.0 INTRODUCTION This report summarizes the procedures and results of reservoir property analysis of core and cuttings samples from the Woodford and Caney Shale Zones from the five core holes listed in Table 1-1. The samples were obtained from the Oklahoma Geological Survey Core and Sample Library (OGS-C&SL). The core hole locations are also listed by Section, Township and Range in Table 1-1. Figure 1-1 Core Hole Location Map At the request of Mr. John Pinkerton (Ascent Energy), TICORA Geosciences, Inc. (TICORA) conducted analyses on core and cuttings samples collected from the Woodford and Caney Shale Zones. Five of the samples were cutting samples while the remaining samples were from core samples. Table 1-1 differentiates the sample type and depth for each core hole. The cutting sample volumes were very small (<50 grams)

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 2 TICORA Geosciences, Inc. Table 1-1 Well Details and Location Well Name Location County TICORA # Depth Sample Type

362-1 3,600' - 3,610' Woodford Shale Cuttings 362-2 3,650' - 3,660' Woodford Shale Cuttings 362-3 3,670' - 3,680' Woodford Shale Cuttings 362-4 3,800' - 3,820' Woodford Shale Cuttings 362-5 3,900' - 3,920' Woodford Shale Cuttings ISO052-1 3,699.6 Woodford Shale Core ISO052-2 3,701.8 Woodford Shale Core ISO052-3 3,707.8 Woodford Shale Core ISO052-4 3,379.6 Woodford Shale Core ISO052-5 3,385.0 Woodford Shale Core ISO052-6 3,391.1 Woodford Shale Core EFU 9-41 NW1/4, NE1/4, NE1/4 Section 27-T2N-R7E Pontotoc Cty, OK ISO052-7 3,421.0 Woodford Shale Core ISO052-8 5,373.0 Caney Shale Core ISO052-9 5,376.8 Caney Shale Core Jonas #3 Chandler #3 Holt 1-19 Pontotoc Cty, OK Pontotoc Cty, OK Section 17-T5N-R8E Section 35-T5N-R7E NW1/4, NW1/4, Section 19-T10N-R12E SW1/4, NE1/4, NW1/4 Section 29-T2N-R7E Pontotoc Cty, OK Hughes Cty, OK Pottawatomie Cty, OK MFU 5-17 Kirby Gilberth 1-20 NW1/4, SW1/4, SE1/4 Section 20-T9N-R2E

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 3 TICORA Geosciences, Inc. Table 1-2 represents the detailed analysis program conducted by TICORA indicating the samples analyzed by each analysis method. Shale gas reservoirs behave as triple porosity systems that have different gas storage and flow characteristics, partially dependent on varying geological parameters. Gas storage occurs by sorption, compression, and solution. Mass transfer should be by diffusion (driven by concentration gradients) and Darcy flow (driven by pressure gradients). Gas is stored by sorption within the first pore system consisting of micropores (with diameters less than 2 nm) and mesopores (with diameters between 2 and 50 nm). These pore sizes are found within clays and solid organic material. Mass transfer is dominated by diffusion. Although dry clays have the potential for sorption, generally the contribution to gas-in-place volumes from gas sorption within clay is insignificant since the clay was water filled at the time of gas generation. Laboratory measurements of gas storage capacity as a function of organic content are used to quantify gas storage by sorption. The second pore system consists of macropores with sizes greater than 50 nm. Gas is expected to be stored by compression and in solution within liquid hydrocarbons (if any are present) and water. Mass transfer is by a combination of diffusion and Darcy flow in this system. The void volume of this porosity system can be quantified with core porosity measurements and log interpretation. Log interpretation techniques must take in to account the presence of low-density organic material and gas saturations to

• btain accurate void volume estimates.

The third porosity system consists of natural fractures. Gas is expected to be stored by compression and in solution within liquid hydrocarbons (if any are present) and water. Mass transfer will be due to Darcy

• flow. Commercial gas production requires that the natural fracture system be present and interconnected.

The majority of gas-in-place is contained within the first two porosity systems. It is important to quantify the storage volumes within the first two porosity systems and the natural fracture permeability of the third porosity system. This project obtained estimates of void volumes and matrix permeability as discussed in this report. Well testing or production analysis would be required to determine natural fracture permeability.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 4 TICORA Geosciences, Inc. Table 1-2 Detailed Analysis Program

Core Hole Name TIC No. Sample Depth (feet) Shale Zone Sample Type Sample Handling Total Organic Carbon (TOC) Rock Eval Pyrolysis Vitrinite Reflectance Tight Rock Analysis Helium Grain Density Isotherm Analysis Premium Sample Preservation

362-1 3,600-3,610 Woodford Cuttings

• 362-2

3,650-3,660 Woodford Cuttings

• Jonas #3

362-3 3,670-3,680 Woodford Cuttings

• 362-4

3,800-3,820 Woodford Cuttings

• Chandler #3

362-5 3,900-3,920 Woodford Cuttings

• ISO052-1

3,699.6 Woodford Core

• ISO052-2

3,701.8 Woodford Core

• Holt 1-19

ISO052-3 3,707.8 Woodford Core

• ISO052-4

3,379.6 Woodford Core

• ISO052-5

3,385.0 Woodford Core

• MFU 5-17

ISO052-6 3,391.1 Woodford Core

• EFU 9-41

ISO052-7 3,421.0 Woodford Core

• ISO052-8

5,373.0 Caney Core

• Kirby Gilbreth 1-20

ISO052-9 5,376.8 Caney Core

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 5 TICORA Geosciences, Inc. 2.0 LABORATORY ACTIVITIES Drill cuttings (<50 grams) from the Jonas #3 and Chandler #3 wells and core samples from the Holt 1-19, MFU 5-17, EFU 9-41, and Kirby Gilbreth 1-20 well were sent to TICORA Geosciences, Inc. in September

• 2004. There was only sufficient drill cuttings sample to conduct TOC and rock eval pyrolysis. For the

slabbed core samples (ISO052) Ascent specified core plug sampling. These plugs were analyzed for TOC, grain density, rock eval, and tight rock analysis. Subsequently the remaining core samples were cut around where plugs samples ISO052-2 and ISO052-7 were processed. These samples were used for methane adsorption isotherm analysis. In addition, four samples were submitted to Humble Geochemical for vitrinite reflectance analysis. Samples were processed using systematic procedures that minimize sample aerial oxidation and aerial desiccation (moisture loss). TICORA uses an in-house improved procedure to air-dry processed samples that differs from the air-drying procedure described in the ASTM Method D3302. The reader should therefore be aware of this when evaluating analysis data reported on an air-dried basis. TICORA’s air- drying procedure attempts not to over-dry samples by only removing surface moisture. These sample methodologies rigorously follow accurate analysis protocols developed by ASTM, the Gas Technology Institute (GTI), and TICORA.1,2,3 2.1 Helium Density Helium density represents the true powder or grain density of the organic and inorganic matter in a crushed sample. It differs from bulk density in that it does not include the effect of the primary or secondary (i.e. natural fractures) porosity systems. Helium density requires the measurement of sample volume and mass. Sample volume was measured at room temperature conditions on triplicate air-dried samples (representative of each desorption sample) of approximately 100-grams using a helium multi-

• pycnometer. Sample volume can be calculated from helium expansion pressure measured by the multi-
• pycnometer. Helium is used for volume determination since it enters the coal or shale micropores without

adsorption and it does not add moisture to the sample. Sample weight was determined to the nearest 0.001-gram using an electronic balance. Sample density was calculated for all desorption and composite samples by dividing the measured sample weight by calculated sample volume. TICORA conducted all helium density and residual moisture described in this section. 2.2 TOC and Rock Eval Testing The samples were initially dried and crushed. Subsequent treatment with hydrochloric acid effectively removed the carbonate portion of the material. The organic carbon component was measured through combustion (1,300°C) in a furnace while measuring the amount of evolved carbon dioxide using an IR detector. TOC analysis is a comparatively quick and inexpensive procedure that is typically used to effectively screen potential source rock samples. TOC is a measure of the richness of a rock with respect to weight percent organic carbon. True shales can be extremely rich in organic carbon (~10%), but a minimum value for which rocks can be officially deemed source rocks is not always definable, as thermal history, specific variety of organic material, and efficiency of hydrocarbon migration all play a significant role in source rock potential. In general, shales containing less than 0.50 weight percent TOC and carbonates possessing less than 0.20 percent are not regarded as particularly good source rocks. However, when sufficient thickness and natural fracture permeability are present, low organic content shales can serve as productive shale gas reservoirs. Rock Eval pyrolysis is a more advanced geochemical characterization than the TOC procedure. The measurements are based upon heating small samples over the temperature range of 300 to 550 °C. Four specific parameters are obtained from the analysis as follows:

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 6 TICORA Geosciences, Inc. 1. S1 represents free hydrocarbons in the source rock, volatilized at 300 ºC. 2. S2 is an estimate of the hydrocarbons generated in the subsurface under native-state conditions and is influenced by the amount of hydrocarbons produced by the thermal cracking of kerogen types. 3. S3 represents the amount of carbon dioxide produced from organic sources. The carbon dioxide is collected over a specific temperature range (300 to 390°C) such that contributions from inorganic carbonates are avoided. Inorganic sources of carbon dioxide are commonly generated at higher temperatures. 4. Tmax represents the temperature at which hydrocarbon generation occurs at its maximum rate during pyrolysis. Thermocouples are used to monitor this important event. Third-party commercial laboratory Humble Geochemical Services conducted the TOC and Rock Eval testing. 2.3 Adsorption Gas Storage Capacity Analysis The adsorption isotherm measures the gas storage capacity of organic material (kerogen) as a function of increasing pressure, as described by the Langmuir equation9. The measurement is performed on crushed analysis samples equilibrated to the air-dry, moisture content at the reservoir midpoint temperature and

• ver a series of increasing pressure steps that range from 25-50 pounds per square inch absolute (psia)

to an endpoint pressure that exceeds the initial reservoir pressure. Gas storage capacity is highly dependent upon pressure, temperature, moisture content, organic composition and thermal maturity. The proper measurement and interpretation of gas content and gas storage capacity data enables valid and very accurate assessments of the initial gas saturation level, the critical desorption pressure, the gas volume abandoned in-place, and the ultimate recovery factor. The gas saturation level is the ratio between the initial gas content and the initial gas storage capacity. The critical desorption pressure is used to determine the amount of draw down, if any, that is required before gas can be produced from the

• reservoir. If the operator anticipates an average abandonment reservoir pressure, it is possible to

estimate the ultimate reserves and the volume of gas that will be abandoned in-place. The recovery factor is the ratio between the initial gas content minus the abandoned gas content and the initial gas content. 2.4 Vitrinite Reflectance Analysis Third-party commercial laboratory, Humble Geochemical Services conducted the vitrinite reflectance analysis and is provided in the Appendices.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 7 TICORA Geosciences, Inc. 3.0 FINDINGS This section provides summaries and discussions of the analysis results. Laboratory reports (raw data) are provided in the Appendices. 3.1 Total Organic Carbon (TOC) and Grain Density Humble Geochemical Services (Humble) performed total organic carbon (TOC) analysis of all samples using the Leco method. The Humble report is included as Appendix IV. The density of shale varies as a function of its bulk composition 1, 4. Since the mineral matter component

• f the shale has a significantly higher density than the organic matter component, the bulk density of

shale varies directly as a function of its mineral matter content. Therefore a good relationship can be established between grain densities versus dry total organic carbon. For the ISO052 samples Figure 3-1 illustrates this well. Table 3-1 summarizes all grain density and TOC Results. Grain density results are summarized in Appendix I and TOC results are summarized in Appendix II. Figure 3-1 Reciprocal Helium Density versus TOC Content

y = -0.1477x + 0.4458 R2 = 0.9586 0.00 0.05 0.10 0.15 0.20 2.00 2.20 2.40 2.60 2.80 3.00 Grain Density, g/cm³ Total Organic Carbon, weight fraction Holt 1-19 MFU 5-17 EFU 9-41 Kirby Gilbreth 1-20

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 8 TICORA Geosciences, Inc. Table 3-1 Grain Density and TOC Results

Core Hole Name TIC No. Sample Depth (feet) Shale Zone Grain Density (g/cm³) Total Organic Carbon Weight %

362-1 3,600-3,610 Woodford N/D 2.55 362-2 3,650-3,660 Woodford N/D 3.66 Jonas #3 362-3 3,670-3,680 Woodford N/D 4.19 362-4 3,800-3,820 Woodford N/D 5.91 Chandler #3 362-5 3,900-3,920 Woodford N/D 5.70 ISO052-1 3,699.6 Woodford 2.480 7.86 ISO052-2 3,701.8 Woodford 2.569 7.09 Holt 1-19 ISO052-3 3,707.8 Woodford 2.491 8.09 ISO052-4 3,379.6 Woodford 2.222 11.28 ISO052-5 3,385.0 Woodford 2.275 11.15 MFU 5-17 ISO052-6 3,391.1 Woodford 2.084 14.34 EFU 9-41 ISO052-7 3,421.0 Woodford 2.228 12.07 ISO052-8 5,373.0 Caney 2.337 9.48 Kirby Gilbreth 1-20 ISO052-9 5,376.8 Caney 2.341 9.34

N/D – Not Determined. Insufficient sample volume.

3.2 Rock Eval Rock Eval pyrolysis is a more advanced geochemical characterization than the TOC procedure. The measurements are based upon heating small samples over the temperature range of 300 to 550 °C. Four specific parameters are obtained from the analysis as follows: 1. S1 represents free hydrocarbons in the source rock, volatilized at 300 ºC. 2. S2 is an estimate of the hydrocarbons generated in the subsurface under native-state conditions and is influenced by the amount of hydrocarbons produced by the thermal cracking of kerogen types. 3. S3 represents the amount of carbon dioxide produced from organic sources. The carbon dioxide is collected over a specific temperature range (300 to 390°C) such that contributions from inorganic carbonates are avoided. Inorganic sources of carbon dioxide are commonly generated at higher temperatures. 4. Tmax represents the temperature at which hydrocarbon generation occurs at its maximum rate during pyrolysis. Thermocouples are used to monitor this important event. Third-party commercial laboratory Humble Geochemical Services performed Rock Eval pyrolysis on all

• samples. The Humble report is included as Appendix II. Kerogen (organic matter) type can be

characterized by two indices: (1) the hydrogen index (S2 x 100/TOC) and (2) the oxygen index (S3 x 100/TOC). When plotted against one another, a plot similar to the Van Krevelen diagram for elemental kerogen analysis (modified by Waples for this purpose) is obtained as illustrated in Figure 3-2. Samples

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 9 TICORA Geosciences, Inc. that follow the line indicated for Type I kerogen are mainly alphatic in nature, are derived from algal lipids, and can have very high oil or gas generating potential. Type II kerogen is predominately of a naphthenic nature and is usually formed from marine organic matter (plankton) in a reducing environment. The oil generating potential of type II kerogen is high although lower than for Type I. Type III kerogen is mainly aromatic in nature and is formed from terrestrial higher plants. This type of kerogen is similar to humic

• coals. The oil generating potential is low and dry gas is generated primarily from Type III kerogen. Based
• n Figure 3-2 the Jonas #3 well is in between a Types III and IV kerogen (gas prone), the Holt 1-19 well is

a Type III kerogen (gas prone), and the Chandler #3, MFU 5-17, EFU 9-41, and Kirby Gilbreth 1-20 are Type II Kerogen (oil prone). Figure 3-2 Kerogen Type

100 200 300 400 500 600 700 800 900 1000 20 40 60 80 100 120 140 160 180 200 OXYGEN INDEX (OI, mg CO2/g TOC) HYDROGEN INDEX (HI, mg HC / g TOC) Jonas #3 Chandler #3 Holt 1-19 MFU 5-17 EFU 9-41 Kirby Gilbreth 1-20

Type I Oil Prone Type II (usu. marine) Oil Prone M ixed Type II / III Oil / Gas Prone Type III Gas Prone Type IV Gas Prone

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 10 TICORA Geosciences, Inc. Adding the S1 and S2 parameters (S1+S2) and expressing this value in terms of kg/ton of rock can also yield a useful parameter for the evaluation of source rock potential. The evaluation guidelines are as follows:

• Higher than 6 kg/ton: good source rock for oil;
• Between 2 and 6 kg/ton; moderate source potential for oil;
• Less than 2 kg/ton; and poor for oil, some potential for gas.

Thermal maturation can be examined using Tmax, which typically increases with depth. Although values commonly vary from laboratory to laboratory, the following subdivision is normally followed: temperatures between 400 and 430°C correspond to the immature zone; temperatures between 430 and 470°C define the major interval of oil production; and temperatures above 470 °C represents the interval where gas rather than oil is generated. The Tmax values for samples for the MFU 5-17, EFU 9-41, and Kirby Gilbreth 1-20 wells correspond to immature shales where as on the other hand the Jonas #3, Chandler #3, and Holt 1-19 well correspond to the major interval of oil production. The Production Index (PI) S1/(S1+S2) can also to evaluate source rock potential. Figure 3-3 illustrates this well. PI is indicative of the conversion of kerogen into free hydrocarbons. The evaluation guidelines are as follows:

• 0.00 to 0.08: immature;
• 0.08 to 0.50: Oil Window;
• > 0.50: Gas Window.

Figure 3-3 Kerogen Conversion and Maturity

0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.20 MATURITY (calculated vitrinite reflectance from Tmax) PRODUCTION INDEX (PI)

Jonas #3 Chandler #3 Holt 1-19 MFU 5-17 EFU 9-41 Kirby Gilbreth 1-20 Condensate - Wet Gas Zone Dry Gas Zone Immature Oil Zone Stained or Contaminated Low Level Conversion High Level Conversion - Expulsion

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 11 TICORA Geosciences, Inc. TOC values, determined by the Leco method, these core samples ranged from 2.55 to 14.34 weight

• percent. Another relationship exists that is useful in the evaluation of the hydrocarbon generation potential
• f shales. The relationship of TOC plotted against the value for Remaining Hydrocarbon Potential

indicates the propensity for generation of oil in a given sample. In this instance, the plot indicates the presence of Type II kerogens appear in the MFU 5-17, EFU 9-41, Kirby Gilberth 1-20, and Chandler #3 wells, and that Type III kerogens appear in the Holt 1-19 and Jonas #3 wells. Figure 3-4 illustrates these results. Figure 3-4 TOC versus Remaining Hydrocarbon Potential Diagram 3.3 Vitrinite Reflectance This analysis was conducted to quantify thermal maturity for samples 362-3, 362-5, ISO052-2, and ISO052-7. Vitrinite reflectance values are generally divided into the following categories of thermal maturity:

• Immature: up to 0.50%
• Early oil window maturity: 0.50% to 0.70%
• Peak oil window maturity: 0.7% to 1.1%

The results from the Humble Geochemical Services are included in Appendix III. Samples ISO052-2 (Holt 1-19) and 362-3 (Jonas #3) appear to be of high thermal maturity and fall within the peak oil maturity, whereas on the other hand samples ISO052-7 (EFU 9-41) and 362-5 (Chandler #3) are in the early oil maturity window.

50 100 150 200 250 300 10 20 30 40 50 60 70 80 TOTAL ORGANIC CARBON (TOC, wt.% )

REMAINING HYDROCARBON POTENTIAL (mg HC/g Rock)

Holt 1-19 MFU 5-17 EFU 9-41 Kirby Gilberth 1-20 Jonas #3 Chandler #3

Type I Oil Prone

• usu. lacustrine

TYPE II Oil Prone (usu. marine) Mixed Type II / III Oil / Gas Prone Type III Gas Prone Organic Lean Dry Gas Prone

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 12 TICORA Geosciences, Inc. 3.4 Tight Rock Core (Shale) Analysis CoreLab performed unconventional core (shale) analyses including: pulse-decay permeability and retort saturation analyses on core samples ISO052-2 through ISO052-9 to determine effect of fluid saturation and matrix permeability, effective porosity, and gas-filled porosity. The Core Lab report is included in Appendix IV. Table 3-2 summarizes the measured data. Retort saturation measurements were performed on samples taken adjacent to the pulse-decay permeability plug locations. The total weight and bulk volume were determined before crushing to determine bulk density. The porosity, grain density, and fluid saturation were calculated from a representative portion after crushing. The samples were crushed and sieved until a significant portion passed a -12 mesh (1.70 mm) sieve and was retained on a -25 mesh (0.71 mm) sieve. A split of this sample was weighed and placed in a retort vessel and heated to 220°F to collect interstitial water. Once fluid production had ceased, the temperature was increased to 1,200°F to remove any remaining fluids including: bound water, interstitial oil, and cracked kerogen hydrocarbons. A fresh sieved sample was then weighed and the partial grain volume (grain volume plus interstitial fluid volume) of each sample was determined by Boyle’s Law technique in order to measure the gas-filled pore space (bulk volume minus the partial grain volume). The porosity, bulk density, grain density, and fluid saturation were then

• calculated. The definition of each of these terms follows:
• Effective porosity is the interconnected pore volume in the rock expressed as a

percentage of the bulk volume.

• Gas-filled porosity is the pore space that is gas filled expressed as a percentage
• f the bulk volume. This is equal to the effective porosity multiplied by the gas

saturation divided by 100. The gas saturation in this case is 100 minus the water and hydrocarbon saturations (expressed as percentages).

• Interstitial water saturation is the percentage of the effective porosity occupied by

water.

• Bound water is water bound between clay layers (not occupying effective pore

space) as a percentage of the bulk volume.

• Bound hydrocarbons are oil bound in organic material (not occupying effective

pore space) as a percentage of the bulk volume.

• Condensation/Oil saturation is the percentage of the effective porosity occupied

by oil or condensate. These results will be used in a later section of this report to estimate potential gas storage capacity in both free and sorbed states.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 13 TICORA Geosciences, Inc.

Table 3-2

Tight Rock Analysis Results

Parameter Units ISO052-2 ISO052-3 ISO052-4 ISO052-5 ISO052-6 ISO052-7 ISO052-8 ISO052-9 Effective porosity

• vol. fraction

0.0585 0.0371 0.0310 0.0529 0.0672 0.0953 0.0619 0.0722 Water saturation

• vol. fraction

0.4345 0.6117 0.8096 0.7478 0.5478 0.3434 0.5685 0.3735 Bulk density g/cm3 2.473 2.396 2.191 2.213 2.019 2.123 2.245 2.282 Grain Density g/cm3 2.569 2.491 2.222 2.275 2.084 2.228 2.337 2.341 Mobil Oil Saturation % of PV 0.00 0.00 8.10 2.80 2.74 1.79 3.39 3.26 Gas filled porosity % of BV 3.31 1.44 0.34 1.19 2.85 6.08 2.46 4.29 Bound Hydrocarbon Saturation % of BV 0.48 0.53 12.75 7.22 11.71 7.33 6.46 7.01 Bound Clay Water % of BV 5.38 5.93 6.04 7.22 7.32 6.84 6.22 6.35

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 14 TICORA Geosciences, Inc. 3.5 Total Gas Storage Capacity The majority of the gas storage capacity in shale gas reservoirs is a combination of multi-component gas mixtures adsorbed within organic material and the gas storage capacity of the macro-porosity (free gas). Adsorption, free gas and dissolved gas storage capacity are discussed in this section. 3.5.1 Methane Adsorption Gas Storage Capacity Individual methane adsorption isotherms were measured by TICORA on samples ISO052-2 (Holt 1-19) and ISO052-7 (EFU 9-41). Sample properties and Langmuir coefficients are summarized in Table 3-3. The isotherm analysis determines the volume of methane that is adsorbed upon the organic content within the shale matrix at a given experimental pressure and temperature. The mass balance with an absorbing gas is given by Equation 4.1.

( )

ˆ ˆ ˆ ˆ ˆ

s1 s2 r1 r2 r v1 r v2 2 1 r1 r1 s1 s1 r2 r2 s2 s2

p M p M p M p M V V V V n n M z RT z RT z RT z RT + = + + −

[4.1] where: n1 number of sorbed molecules at the start of the pressure step, lbmoles n2 number of sorbed molecules at the end of the pressure step, lbmoles pr1 initial reference cell pressure pr2 final reference cell pressure ps1 initial sample cell pressure ps2 final sample cell pressure Vr reference cell volume Vv void volume within the sample cell (includes macroporosity)

ˆ M

molecular weight Tr1 initial reference cell temperature Tr2 final reference cell temperature Ts1 initial sample cell temperature Ts2 final sample cell temperature zr1 initial compressibility factor in the reference cell zr2 final compressibility factor in the reference cell zs1 initial compressibility factor in the sample cell zs2 final compressibility factor in the sample cell Solving for the change in the number of molecules in the sorbed state and eliminating the common molecular weight results in Equation 4.2.

r1 r2 s1 s2 2 1 r v r1 r1 r2 r2 s1 s1 s2 s2

p p p p n n V V z RT z RT z RT z RT ⎛ ⎞ ⎛ ⎞ − = − + − ⎜ ⎟ ⎜ ⎟ ⎝ ⎠ ⎝ ⎠

[4.2] The void volume is reduced by the volume of the sorbed phase. Therefore, the number of sorbed molecules determined by Equation 10 must be corrected as discussed below. The number of molecules can be converted to the volume of gas at standard temperature and pressure (STP) with Equation 4.3.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 15 TICORA Geosciences, Inc.

sc sc s sc

nz RT V p =

[4.3] where: Vs sorbed gas volume at STP, ft3 zsc real gas deviation factor at STP, dimensionless Tsc temperature at standard conditions, degrees Rankine psc pressure at standard conditions, psia For example, 1 lbmole of methane at 14.73 and 60 oF, occupies a volume of 377.8504 scf as zsc is generally 0.998 for methane at these conditions. The gas storage capacity at the stabilized sample cell pressure and temperature is then computed with Equation 4.4 by dividing by the sample mass that was measured before placing the sample in the sample cell.

s s m

2000V G m ′ =

[4.4] where: G’s Gibbs isotherm gas storage capacity, scf/ton mm material mass, lbm Note that the material mass is often reported in grams. Grams are converted to lbm by multiplying grams by 2.204622622(10-3). Gas storage capacity in cm3/g is equal to the gas storage capacity in units of scf/ton divided by 32.036929. The isotherm determined in this manner is referred to as a Gibbs isotherm due to the simplification assumed by Gibbs during his study of sorption thermodynamics. The resulting Gibbs isotherm can be corrected to the true adsorption isotherm through the use of Equation 4.5. The free gas density is computed in the normal fashion at the stabilized sample cell end point pressure and temperature

• conditions. The sorbed phase density is assumed to be equal to the liquid density of the molecules of

interest at the atmospheric pressure boiling point.

s s f s

G G 1 ρ ρ ′ = −

[4.5] where:

s

G′

Gibb’s isotherm storage capacity, scf/ton Gs total isotherm storage capacity, scf/ton ρf free gas density, lbm/ft3 ρs sorbed gas density, lbm/ft3 Adsorption isotherm data are critical because isotherm behavior indicates the ultimate gas recovery that can be obtained at a specific reservoir pressure. The gas storage capacity of coal typically increases non- linearly as pressure increases and decreases as temperature, moisture, and ash content increase. Gas storage capacity also varies as a function of the type of gas species, shale kerogen composition, and

• rganic material thermal maturity.

The Langmuir equation (Equation 4.6) was used to model the variation of gas storage capacity as a function of pressure.2

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 16 TICORA Geosciences, Inc.

s sL L

p G G p p = +

[4.6] where: Gs gas storage capacity, scf/ton pL Langmuir pressure, psia GSL Langmuir storage capacity, scf/ton pR Mid-point reservoir pressure, psia As shown in Equation 4.6 the Langmuir storage capacity and Langmuir pressure are required to calculate the gas storage capacity using the Langmuir equation. The Langmuir storage capacity is the gas storage capacity of the sample at infinite pressure and the Langmuir pressure is the pressure at which the gas storage capacity of the sample equals one-half the Langmuir storage capacity value. 3.5.1.1 Holt 1-19 (Sample ISO052-2) Adsorption isotherm data were used to estimate methane storage capacity (i.e. assuming sorbed gas is 100% methane) for core sample ISO052-2, the Langmuir model predicts an air-dry based methane storage capacity of 53.94 scf//ton at an initial reservoir pressure of 1,602.75 psia (based on a 0.433 psi/ft pressure gradient). Langmuir and gas storage parameters have been summarized in Table 3-3. Gas storage capacity data for sample ISO052-2 are illustrated in Figure 3-5. 3.5.1.2 EFU 9-41 (Sample ISO052-7) Adsorption isotherm data were used to estimate methane storage capacity (i.e. assuming sorbed gas is 100% methane) for core sample ISO052-7, the Langmuir model predicts an air-dry based methane storage capacity of 115.53 scf//ton at an initial reservoir pressure of 1,481.51 psia (based on a 0.433 psi/ft pressure gradient). Langmuir and gas storage parameters have been summarized in Table 3-3. Gas storage capacity data for sample ISO052-7 are illustrated in Figure 3-6.

Table 3-3

Sorption Isotherm Test Parameters and Results

Sample Information

Well Holt 1-19 EFU 9-41 Reservoir Woodford Woodford Sample No. ISO052-2 ISO052-7 Sample Type Core Core Depth (drill depth) feet ~3,701.8 ~3,421.0

Gas Storage Capacity Parameters

Reservoir Pressure based on 0.433 psi/ft psia 1,602.75 1,481.51 Measurement Temperature °F 130.0 130.0 Total Organic Carbon

• wt. %

7.09 12.07 Helium Density, (air-dry basis) g/cm³ 2.569 2.337 Adsorbate Methane

Langmuir Parameters

Methane Langmuir Pressure psia 2,276.15 1,885.97 Methane Langmuir Storage Capacity (100% Kerogen basis) scf/ton 1,841.28 2,175.66 Methane Langmuir Storage Capacity (air-dry basis) scf/ton 130.55 262.60

Adsorbed Gas Storage Capacity Results

Kerogen Adsorbed Storage Capacity at Reservoir Pressure scf/ton 760.81 957.17 In-Situ Gas Storage Capacity at Reservoir Pressure scf/ton 53.94 115.53

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 17 TICORA Geosciences, Inc. Figure 3-5 Adsorbed Gas Storage Capacity for ISO052-2 Figure 3-6 Adsorbed Gas Storage Capacity for ISO052-7 20 40 60 80 100 120 140 160 180 200 400 800 1,200 1,600 2,000 2,400 Pressure, psia In-Situ Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Experimentally Determined Langmuir Fit 95% Confidence Interval Storage Capacity Uncertainty

Experimentally Determined Basis 20 40 60 80 100 400 800 1,200 1,600 2,000 2,400 Pressure, psia In-Situ Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Experimentally Determined Langmuir Fit 95% Confidence Interval Storage Capacity Uncertainty

Experimentally Determined Basis

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 18 TICORA Geosciences, Inc. 3.5.2 Total Gas Storage Capacity The total gas storage capacity is the sum of the adsorbed gas storage capacity, the free gas storage capacity of the macro-porosity containing both free and dissolved gas components, and the free gas storage capacity within natural fractures. Equation 4.7 lists this relationship. This section discusses the range in these possible volumes ignoring the negligible contribution from the natural fracture system.

st s sf sd

G G G G = + +

[4.7] where: Gst total gas storage capacity, scf/ton Gs sorbed gas storage capacity, scf/ton Gsf free gas storage capacity, scf/ton Gsd dissolved gas storage capacity, scf/ton The special core analysis data are useful for estimating the proportion of the total gas content that is the result of free gas within the macropore system. Equation 4.8 can be used for this purpose.4

( )

32.0368 1

w cf g

S G B φ ρ − =

[4.8] where: Gcf gas content of the free gas phase, scf/ton φ macroporosity, fraction of bulk volume Sw water saturation within macroporosity, fraction of macroporosity

ρ

average bulk density, g/cm3 Bg gas formation volume factor, reservoir volume / surface volume The gas formation volume factor is defined in the usual manner by Equation 4.9.5

sc g sc sc

zT p B p z T =

[4.9] where: p pressure of interest, psia T temperature of interest, oR (oR = oF + 459.67) z real gas deviation factor at p and T, dimensionless psc pressure at standard conditions, psia Tsc temperature at standard conditions, oR zsc z factor at standard conditions, dimensionless In this report, standard conditions are 60°F, and 14.696 psia. The z factor at standard conditions for hydrocarbon gases is usually 0.998. The free gas was calculated using equation 4.7 for each equilibrium pressure of the methane adsorption isotherm and reflects the volume of methane that can be compressed within the available macropore system (macro-porosity volume minus the volume saturated with reservoir water) of the shale for a given pressure and temperature.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 19 TICORA Geosciences, Inc. The dissolved gas was computed similarly using equation 4.10 for each equilibrium pressure of the methane adsorption isotherm analysis and represents the volume of methane that can be stored within the reservoir water at a given salinity, pressure and temperature. Gas is also dissolved in the water contained within the secondary porosity system. Equation 4.10 presents a relationship for this volume5.

5.706

w sw cD w

S R G B φ ρ =

[4.10] where: GcD dissolved gas content, scf/ton Rsw solution gas-water ratio, scf/STB Bw water formation volume factor, reservoir volume / surface volume φ macroporosity, fraction of bulk volume Sw water saturation within macroporosity, fraction of macroporosity

ρ

average bulk density, g/cm3 The possible contribution to the total gas storage capacity for adsorbed, free, and dissolved gas components at reservoir conditions is summarized in Table 3-6 (based on 0.433 psi/ft pressure gradient). Since the sorption data may include gas dissolution in hydrocarbons, solution in hydrocarbons is not explicitly included in the calculations. The free gas contribution is highly dependent upon the effective porosity and the water saturation within the effective porosity.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 20 TICORA Geosciences, Inc.

Table 3-4

Total Gas Storage Capacity Estimates Parameter Units

ISO052-1 ISO052-2 ISO052-3 ISO052-4 ISO052-5 ISO052-6 ISO052-7 ISO052-8 ISO052-9

Effective porosity

• vol. fraction

N/A 0.0585 0.0371 0.031 0.0529 0.0672 0.0953 0.0619 0.0722

Water saturation

• vol. fraction

N/A 0.4345 0.6117 0.8096 0.7478 0.5478 0.3434 0.5685 0.3735

Bulk density g/cm3

2.754 2.473 2.396 2.191 2.213 2.019 2.123 2.245 2.282

Reservoir pressure psia

1601.9 1602.9 1605.5 1463.4 1465.7 1468.3 1481.3 2326.5 2328.2

Reservoir temperature °F

130 130 130 130 130 130 130 130 130

zsc dimensionless

0.9980 0.9980 0.9980 0.9980 0.9980 0.9980 0.9980 0.9980 0.9980

z dimensionless

0.8969 0.8968 0.8967 0.9025 0.9024 0.9022 0.9017 0.8817 0.8817

Salinity weight %

2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5

Solution gas-water ratio scf/STB

9.35 9.35 9.36 8.78 8.79 8.80 8.85 12.01 12.02

Water formation volume factor res.vol/surf.vol

1.0121 1.0121 1.0121 1.0123 1.0123 1.0123 1.0123 1.0112 1.0112

Gas formation volume factor res.vol/surf.vol

0.0094 0.0093 0.0093 0.0103 0.0103 0.0103 0.0102 0.0063 0.0063

Adsorbed gas storage capacity scf/ton

N/D 53.94 N/D N/D N/D N/D 115.53 N/D N/D

Free gas storage capacity scf/ton

N/A 45.84 20.64 8.38 18.78 46.96 92.84 60.19 100.35

Dissolved gas capacity scf/ton

N/A 0.54 0.50 0.57 0.89 0.90 0.77 1.06 0.80

Total gas storage capacity scf/ton

N/A 100.32 21.14

1

8.94

1

19.66

1

47.87

1

209.14 61.25

1

101.16

1

• 1. Total gas storage capacity does not include adsorbed gas storage capacity.

Ascent Energy, Inc, Woodford/Caney Shale Reservoir Assessment Page 21 TICORA Geosciences, Inc. 4.0 REFERENCES 1. McLennan, J.D., Schafer, P.S., and Pratt, T.J.: A Guide to Determining Coalbed Gas Content, Gas Research Institute Report GRI-94/0393, Chicago, IL (1995), 182p. 2. Mavor, M.J. and Nelson, C.R.: Coalbed Reservoir Gas-In-Place Analysis, Gas Research Institute Report GRI-97/0263, Chicago, IL (1997), 144 p. 3. 2001 Annual Book of ASTM Standards, Volume 05.05 Gaseous Fuels; Coal and Coke, American Society for Testing and Materials, Philadelphia, PA (2001). 4. Mavor, M.J., Bereskihn, S.R., Robinson, J.R., and Pratt, T.J.: Lewis Shale Gas Resource and Production Potential, Gas Research Institute, Report No. GRI-03/0037, Chicago, Il (March 2003)

• pp. 4-47

5. Whitson, C.H. and Brule, M.R.: Phase Behavior, Monograph Volume 20, Henry L. Doherty Series, Society of Petroleum Engineers, Richardson, TX (2000) p. 20.

Ascent Energy, Inc & Kirby Gilbreth 1-20

Grain Density

Holt 1-19, MFY 5-17, EFU 9-41,

Appendix I

TICORA Geosciences, Inc

Multipycnometer Helium Density Summary True Powder Density

TICORA No.: Client: Well Name: Dates Performed:

Sample No. Standard Mean Density A B C Deviation g/cm3

52-1 2.472 2.481 2.486 0.007 2.480 52-2 2.564 2.572 2.571 0.004 2.569 52-3 2.488 2.491 2.494 0.003 2.491 52-4 2.220 2.226 2.221 0.003 2.222 052-5 2.276 2.274 2.274 0.001 2.275 052-6 2.083 2.085 2.083 0.001 2.084 052-7 2.221 2.231 2.231 0.006 2.228 052-8 2.335 2.336 2.339 0.002 2.337 052-9 2.339 2.342 2.342 0.002 2.341 3,379.60 3,385.00 362 Ascent Energy Shale Assessment wells 3,699.60

Depth feet Density, g/cm3

5,376.80 3,701.80 3,707.80 12/10/04-14/10/04 3,391.10 3,421.00 5,373.00

TICORA Geosciences, Inc. \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-1-A Time Start: 14:00 Depth Interval (feet): 0.00 Time Finish: 14:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.516 Cell Volume (Vc), cm3: 147.134 Sample Weight, grams: 99.315

DATA

P1 17.033 P2 7.271 VS 40.182 Sample Density (DS), g/cm3 2.472

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-1-B Time Start: 14:00 Depth Interval (feet): 0.00 Time Finish: 14:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.516 Cell Volume (Vc), cm3: 147.134 Sample Weight, grams: 99.315

DATA

P1 17.052 P2 7.273 VS 40.025 Sample Density (DS), g/cm3 2.481

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-1-C Time Start: 14:00 Depth Interval (feet): 0.00 Time Finish: 14:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.516 Cell Volume (Vc), cm3: 147.134 Sample Weight, grams: 99.315

DATA

P1 17.063 P2 7.275 VS 39.956 Sample Density (DS), g/cm3 2.486

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-2-A Time Start: 15:30 Depth Interval (feet): 0.00 Time Finish: 15:50 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.421 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.217

DATA

P1 17.058 P2 7.224 VS 38.693 Sample Density (DS), g/cm3 2.564

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-2-B Time Start: 15:30 Depth Interval (feet): 0.00 Time Finish: 15:50 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.421 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.217

DATA

P1 17.040 P2 7.212 VS 38.579 Sample Density (DS), g/cm3 2.572

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-2-C Time Start: 15:30 Depth Interval (feet): 0.00 Time Finish: 15:50 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.421 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.217

DATA

P1 17.238 P2 7.296 VS 38.584 Sample Density (DS), g/cm3 2.571

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-3-A Time Start: 16:00 Depth Interval (feet): 0.00 Time Finish: 16:20 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.713 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.509

DATA

P1 17.076 P2 7.282 VS 39.994 Sample Density (DS), g/cm3 2.488

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-3-B Time Start: 16:00 Depth Interval (feet): 0.00 Time Finish: 16:20 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.713 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.509

DATA

P1 17.061 P2 7.274 VS 39.953 Sample Density (DS), g/cm3 2.491

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-3-C Time Start: 16:00 Depth Interval (feet): 0.00 Time Finish: 16:20 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.713 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 99.509

DATA

P1 17.127 P2 7.300 VS 39.898 Sample Density (DS), g/cm3 2.494

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-4-A Time Start: 16:25 Depth Interval (feet): 0.00 Time Finish: 16:47 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 122.412 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 97.208

DATA

P1 17.288 P2 7.525 VS 43.782 Sample Density (DS), g/cm3 2.220

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-4-B Time Start: 16:25 Depth Interval (feet): 0.00 Time Finish: 16:47 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 122.412 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 97.208

DATA

P1 17.206 P2 7.485 VS 43.677 Sample Density (DS), g/cm3 2.226

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/12/04 Sample No.: 52-4-C Time Start: 16:25 Depth Interval (feet): 0.00 Time Finish: 16:47 Sample Description: Crushed Ambient Temperature (°F): 70.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.204 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 122.412 Cell Volume (Vc), cm3: 147.135 Sample Weight, grams: 97.208

DATA

P1 17.228 P2 7.498 VS 43.761 Sample Density (DS), g/cm3 2.221

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/13/04 Sample No.: 052-5-A Time Start: 10:40 Depth Interval (feet): 0.00 Time Finish: 11:00 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.277 Cell Volume (Vc), cm3: 147.054 Sample Weight, grams: 99.076

DATA

P1 17.098 P2 7.435 VS 43.521 Sample Density (DS), g/cm3 2.276

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/13/04 Sample No.: 052-5-B Time Start: 10:40 Depth Interval (feet): 0.00 Time Finish: 11:00 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.277 Cell Volume (Vc), cm3: 147.054 Sample Weight, grams: 99.076

DATA

P1 17.022 P2 7.404 VS 43.572 Sample Density (DS), g/cm3 2.274

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/13/04 Sample No.: 052-5-C Time Start: 10:40 Depth Interval (feet): 0.00 Time Finish: 11:00 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.661 Sample + Cell, grams: 124.277 Cell Volume (Vc), cm3: 147.054 Sample Weight, grams: 99.076

DATA

P1 17.009 P2 7.398 VS 43.564 Sample Density (DS), g/cm3 2.274

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-6-A Time Start: 14:25 Depth Interval (feet): 0.00 Time Finish: 14:55 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.264 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.063

DATA

P1 17.094 P2 7.601 VS 47.551 Sample Density (DS), g/cm3 2.083

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-6-B Time Start: 14:25 Depth Interval (feet): 0.00 Time Finish: 14:55 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.264 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.063

DATA

P1 17.112 P2 7.607 VS 47.504 Sample Density (DS), g/cm3 2.085

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-6-C Time Start: 14:25 Depth Interval (feet): 0.00 Time Finish: 14:55 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.264 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.063

DATA

P1 17.066 P2 7.589 VS 47.562 Sample Density (DS), g/cm3 2.083

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-7-A Time Start: 15:00 Depth Interval (feet): 0.00 Time Finish: 15:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.776 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.575

DATA

P1 17.107 P2 7.493 VS 44.827 Sample Density (DS), g/cm3 2.221

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-7-B Time Start: 15:00 Depth Interval (feet): 0.00 Time Finish: 15:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.776 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.575

DATA

P1 17.132 P2 7.496 VS 44.634 Sample Density (DS), g/cm3 2.231

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-7-C Time Start: 15:00 Depth Interval (feet): 0.00 Time Finish: 15:20 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.776 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.575

DATA

P1 17.032 P2 7.452 VS 44.628 Sample Density (DS), g/cm3 2.231

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-8-A Time Start: 15:22 Depth Interval (feet): 0.00 Time Finish: 15:46 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.187 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 98.986

DATA

P1 17.136 P2 7.407 VS 42.400 Sample Density (DS), g/cm3 2.335

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-8-B Time Start: 15:22 Depth Interval (feet): 0.00 Time Finish: 15:46 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.187 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 98.986

DATA

P1 17.058 P2 7.372 VS 42.368 Sample Density (DS), g/cm3 2.336

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-8-C Time Start: 15:22 Depth Interval (feet): 0.00 Time Finish: 15:46 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.187 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 98.986

DATA

P1 17.118 P2 7.396 VS 42.320 Sample Density (DS), g/cm3 2.339

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-9-A Time Start: 15:47 Depth Interval (feet): 0.00 Time Finish: 16:10 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.221 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.020

DATA

P1 17.160 P2 7.415 VS 42.341 Sample Density (DS), g/cm3 2.339

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-9-B Time Start: 15:47 Depth Interval (feet): 0.00 Time Finish: 16:10 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.221 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.020

DATA

P1 17.170 P2 7.417 VS 42.283 Sample Density (DS), g/cm3 2.342

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

TICORA Geosciences, Inc \\onyx\TICORA\Projects\ISO052\Bulk Properties\ISO052_Den

Multipycnometer Helium Density Work Sheet True Powder Density

Ticora No.: ISO052 Operator: MAW Client: #N/A Pycnometer: 2 Well Name: #N/A Date: 10/14/04 Sample No.: 052-9-C Time Start: 15:47 Depth Interval (feet): 0.00 Time Finish: 16:10 Sample Description: Crushed Ambient Temperature (°F): 69.0 Outgassing Conditions: Purged for 2-minutes at 1.5 psi Cell Size: Large (covered) Cell Weight, grams: 25.201 Reference Volume (VR), cm3: 79.773 Sample + Cell, grams: 124.221 Cell Volume (Vc), cm3: 147.181 Sample Weight, grams: 99.020

DATA

P1 17.143 P2 7.405 VS 42.275 Sample Density (DS), g/cm3 2.342

OPERATIONAL EQUATIONS

VS=Vc-VR((P1/P2)-1) DS=MS/VS

DS = Sample Density (cm3/g) VR = Reference Volume (cm3) MS = Sample Weight (g) P1 = Pressure of Reference Volume VS = Sample Volume (cm3) P2 = Pressure of System Vc = Volume of Sample Cell (cm3)

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Appendix II

Ascent Energy, Inc Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TOC and Rock Eval Results Humble Geochemical Services

TOC and ROCK-EVAL DATA REPORT Ticora Geosciences Notes HGS Sample Sample TOC S1 S2 S3 Tmax Cal. Meas. HI OI S2/S3 S1/TOC PI

Checks Pyrogram

No. Id. Type (oC) %Ro %Ro 04-2593-089834 ISO052-1 ground rock 7.86 2.85 9.70 0.42 454 1.01 123 5 23 36 0.23 c n 04-2593-089835 ISO052-2 ground rock 7.09 2.87 10.34 0.23 438 0.72 0.77 146 3 45 40 0.22 n 04-2593-089836 ISO052-3 ground rock 8.09 2.90 9.59 0.29 443 0.81 119 4 33 36 0.23 n 04-2593-089837 ISO052-4 ground rock 11.28 4.98 64.49 0.69 428 0.54 572 6 93 44 0.07 n 04-2593-089838 ISO052-5 ground rock 11.15 4.88 54.27 0.55 424 0.47 487 5 99 44 0.08 n 04-2593-089839 ISO052-6 ground rock 14.34 7.12 75.88 1.16 422 0.44 529 8 65 50 0.09 n 04-2593-089840 ISO052-7 ground rock 12.07 4.82 59.47 0.81 427 0.53 0.62 493 7 73 40 0.07 n 04-2593-089841 ISO052-8 ground rock 9.48 4.24 45.96 0.69 428 0.54 485 7 67 45 0.08 n 04-2593-089842 ISO052-9 ground rock 9.34 4.66 51.47 0.49 428 0.54 551 5 105 50 0.08 c n 362-1 Drill Cuttings 2.55 0.13 1.58 0.76 438 0.72 62 30 2 5 0.08 c n 362-2 Drill Cuttings 3.66 0.24 1.04 0.86 436 0.69 28 24 1 7 0.19 n 362-3 Drill Cuttings 4.19 0.35 2.70 0.61 438 0.72 0.85 64 15 4 8 0.11 n 362-4 Drill Cuttings 5.91 3.27 31.93 0.27 437 0.71 540 5 118 55 0.09 n 362-5 Drill Cuttings 5.70 3.40 28.85 0.32 435 0.67 0.67 506 6 90 60 0.11 c n Note: "-1" indicates not measured or meaningless ratio * Tmax data not reliable due to poor S2 peak TOC = weight percent organic carbon in rock S1, S2 = mg hydrocarbons per gram of rock S3 = mg carbon dioxide per gram of rock Tmax = oC HI = hydrogen index = S2 x 100 / TOC OI = oxygen index = S3 x 100 / TOC S1/TOC = normalized oil content = S1 x 100 / TOC PI = production index = S1 / (S1+S2)

• Cal. %Ro = calculated vitrinite reflectance based on Tmax

Measured %Ro = measured vitrinite reflectance Notes: c = analysis checked and confirmed Pyrogram: n=normal ltS2sh = low temperature S2 shoulder ltS2p = low temperature S2 peak htS2p = high temperature S2 peak f = flat S2 peak

Humble Geochemical Services Division Page 1

KEROGEN QUALITY Ticora Geosciences Figure 1. Kerogen Quality 10 20 30 40 50 60 2 4 6 8 10 12 14 16 TOTAL ORGANIC CARBON (TOC, wt.%)

REMAINING HYDROCARBON POTENTIAL (mg HC/g Rock) Type I Oil Prone

• usu. lacustrine

TYPE II Oil Prone (usu. marine) Mixed Type II / III Oil / Gas Prone Type III Gas Prone Organic Lean Dry Gas Prone

Humble Geochemical Services Division

KEROGEN TYPE Ticora Geosciences Figure 2. Kerogen type

100 200 300 400 500 600 700 800 900 1000 20 40 60 80 100 120 140 160 180 200 OXYGEN INDEX (OI, mg CO2/g TOC) HYDROGEN INDEX (HI, mg HC / g TOC)

Type I Oil Prone Type II (usu. marine) Oil Prone Mixed Type II / III Oil / Gas Prone Type III Gas Prone Type IV Gas Prone

Humble Geochemical Services Division

KEROGEN TYPE and MATURITY 3 Figure 3a. Kerogen Type and Maturity (Tmax)

100 200 300 400 500 600 700 800 900 1000 330 380 430 480 530 580 Tmax (oC) HYDROGEN INDEX (mg OIL/g TOC)

Type I Type II Oil Prone (usu. marine) Type III Gas Prone Type IV Mixed Type II / III Oil / Gas Prone ~0.55% Ro ~01.40% Ro ~1.00%Ro

Humble Geochemical Services Division

KEROGEN TYPE and MATURITY Ticora Geosciences Figure 3b. Kerogen Type and Maturity (Tmax calculated %VRo)

100 200 300 400 500 600 700 800 900 1000 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.20 Calculated Vitrinite Reflectance Equivalent (Cal.VReq.) HYDROGEN INDEX (mg OIL/g TOC)

Type I Oil Prone (usu. lacustrine) Type II Oil Prone (usu. marine) Type III Gas Prone Type IV Mixed Type II / III Oil / Gas Prone

Humble Geochemical Services Division

Ticora Geosciences Figure 4a. Kerogen conversion and maturity (based on Tmax). 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 380 430 480 530 580 MATURITY (based on Tmax (oC)) PRODUCTION INDEX (PI)

Condensate Zone Stained or Contaminated Low Level Conversion Immature Oil Zone Dry Gas Zone High Level Conversion - Expulsion Humble Geochemical Services Division

Ticora Geosciences Figure 4b. Kerogen conversion and maturity (calculated %VRo from Tmax). 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 2.20 MATURITY (calculated vitrinite reflectance from Tmax) PRODUCTION INDEX (PI)

Condensate - Wet Gas Zone Dry Gas Zone Immature Oil Zone Stained or Contaminated Low Level Conversion High Level Conversion - Expulsion Humble Geochemical Services Division

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

Vitrinite Reflectance Humble Geochemical Services

Appendix III

Ascent Energy, Inc

Table 1 Thermal Alteration, Kerogen Type, and Palynofacies

CLIENT: County/State: Source Quality % Source Material Preservation Recovery Palynofacies Ro Data

HGS ID Depth

TOC S2 Hydrogen Index (HI) Tmax (oC) Color TAI Amorphous Debris Finely Dissem. OM

• Herb. Plant Debris

Woody Plant Debris Coaly Fragments Algal Debris Palynomorphs GOOD FAIR POOR Very poor Barren MARINE NEARSHORE CONTINENTAL LACUSTRINE UNKNOWN % OM Fluorescing Measured Ro (%)

• No. of Readings

H04-2576-88243 3670-3680 4.19 2.70 64 438 YO 2.0 45 45 5 5 x 5 0.85 28 H04-2576-88245 3900-3920 5.70 28.85 506 435 YO 1.0 45 40 5 10 x 5 0.67 33

very sparse recovery of kerogen

Palynomorph Key: Color Abbreviations: GLY Green-Light Yellow B Brown TAI Scale: 1=Unaltered 4=Strong alteration Y Yellow DBDG Dark Brown-Dark Gray 1+ or 1.5 4+ or 4.5 C = Common YO Yellow-Orange DGBL Dark Gray-Black 2=Slight alteration 5=Severe alteration P = Present OB Orange-Brown BLK Black 2+ or 2.5 R = Rare LB Light Brown 3=Moderate alteration N = None Seen 3+ or 3.5 Ticora Geosciences

Well Id.

Comments Pontotoc County, Oklahoma A = Abundant Jonas #3 (362-3) Chandler #3 (362-5) Humble Geochemical Services

MEAN: 0.85 MIN: 0.68 MAX: 1.02 STD DEV: 0.10 COUNT: 28 0.85 0.92 1.02 0.88 0.99 0.90 0.75 0.93 0.98 0.89 0.88 0.83 0.97 0.82 0.84 0.76 0.72 0.73 0.96 0.68 0.75 0.72 0.86 0.90 0.86 0.94 0.68 0.90 Indigenous Population Statistics Indigenous Jonas #3, Pontotoc Co., OK, 3670-3680 ft. (362-3)

1 2 3 4 5 6 7 8 9 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 1.40 1.50 1.60 1.70 1.80 1.90 2.00 Vitrinite Reflectance Ro % Frequency

Indigenous

MEAN: 0.67 MIN: 0.52 MAX: 0.82 STD DEV: 0.10 COUNT: 33 0.52 0.60 0.66 0.59 0.52 0.73 0.77 0.71 0.74 0.68 0.54 0.61 0.66 0.81 0.70 0.71 0.81 0.62 0.76 0.63 0.56 0.62 0.59 0.82 0.76 0.70 0.72 0.80 0.52 0.82 0.53 0.76 0.58 Indigenous Population Statistics Indigenous Chandler #3, Pontotoc Co, OK, 3900-3920 (362-5)

1 2 3 4 5 6 0.20 0.25 0.30 0.35 0.40 0.45 0.50 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 Vitrinite Reflectance Ro % Frequency

Indigenous

% Source Material Preservation Recovery % Kerogen Comp. Vitrinite HGS ID SAMPLE ID. Color TAI Amorphous Debris Finely Dissem. OM

• Herb. Plant Debris (Vit.)

Woody Plant Debris Coaly Fragments Algal Debris Palynomorphs Good Fair Poor Very poor Good Very Poor Barren Indigenous Vitrinite Caved Vitrinite Recycled/Oxidized Vitrinite Inertinite Solid Bitumen Drilling Additive/Contamination Amorphous Kerogen # of Readings Total Sample Ro (%) # of Indigeonus Readings Indigenous Ro (%)

04-2593-089835 ISO052-2 OB 2.7? 45 45 10 trace? X X X 6 trace 1 3 trace 90 40 0.78 38 0.77 amorph. has oxidized appearance 04-2593-089840 ISO052-7 O 2.3 96 2 1 1 X X 1 trace trace trace trace 99 40 0.62 39 0.62 spherical palynomorphs=acritarchs?

Color Abbreviations: TAI Scale: 1=Unaltered 3+ or 3.5 1+ or 1.5 4=Strong alteration GLY Green-Light Yellow B Brown 2=Slight alteration 4+ or 4.5 Y Yellow DBDG Dark Brown-Dark Gray 2+ or 2.5 5=Severe alteration YO Yellow-Orange DGBL Dark Gray-Black 3=Moderate alteration OB Orange-Brown BLK Black LB Light Brown Comments

TICORA GEOSCIENCES Table 1 Dispersed Organic Matter Thermal Alteration, Kerogen Type and Total Compositional Analysis

Humble Geochemical Services

0 = No fluorescence noted 1 = very low intensity G = Green 2 = low intensity Y = Yellow 3 = medium intensity O = Orange 4 = high intensity B = Brown 5 = very high intensity HGS ID SAMPLE ID. Mounting Medium G Y O B G Y O B G Y O B 04-2593-089835

ISO052-2

1 1 1 04-2593-089840

ISO052-7

5 3 3 2 1 Amorphous Pollen/Spores TICORA GEOSCIENCES Table 2. Kerogen Fluorescence colors and brightness intensities (subjective determinations) Humble Geochemical Services

1 = very rare 2 = rare 3 = common 4 = abundant 5 = very abundant HGS ID SAMPLE ID. Finely Disseminated Euhedral Framboidal 04-2593-089835

ISO052-2

3 1 1 04-2593-089840

ISO052-7

3 4 4 Pyrite types TICORA GEOSCIENCES

Table 3. Pyrite types and abundance in kerogen

Humble Geochemical Services

HGS ID SAMPLE ID. All Data Indigenou s Data All Data Indigenou s Data 0.57 0.66 0.5 0.5 0.66 0.67 0.5 0.5 0.67 0.69 0.53 0.53 0.69 0.7 0.56 0.56 0.7 0.7 0.56 0.56 0.7 0.7 0.56 0.56 0.7 0.71 0.57 0.57 0.71 0.72 0.58 0.58 0.72 0.73 0.58 0.58 0.73 0.73 0.58 0.58 0.73 0.73 0.58 0.58 0.73 0.74 0.59 0.59 0.74 0.75 0.6 0.6 0.75 0.76 0.6 0.6 0.76 0.76 0.6 0.6 0.76 0.77 0.6 0.6 0.77 0.77 0.6 0.6 0.77 0.77 0.6 0.6 0.77 0.78 0.61 0.61 0.78 0.78 0.61 0.61 0.78 0.79 0.62 0.62 0.79 0.79 0.62 0.62 0.79 0.79 0.63 0.63 0.79 0.79 0.63 0.63 0.79 0.79 0.63 0.63 0.79 0.8 0.64 0.64 0.8 0.81 0.64 0.64 0.81 0.81 0.65 0.65 0.81 0.82 0.65 0.65 0.82 0.82 0.65 0.65 0.82 0.83 0.65 0.65 0.83 0.83 0.66 0.66 0.83 0.84 0.67 0.67 0.84 0.84 0.68 0.68 0.84 0.85 0.68 0.68 0.85 0.86 0.68 0.68 0.86 0.87 0.7 0.7 0.87 0.88 0.7 0.7 0.88 0.71 0.71 1.11 0.81 Average %Ro 0.78 0.77 0.62 0.62 Standard Dev. 0.06 0.05 # of Points 40 38 40 39 ISO052-2 ISO052=7 TICORA GEOSCIENCES

Table 4. Individual Reflectance Readings

04-2593-089835 04-2593-089840 Humble Geochemical Services

Humble Geochemical Services

5 10 15 20 25 30 35 40 . . 2 . 4 . 6 . 8 1 . 1 . 2 1 . 4 1 . 6 1 . 8 2 . 2 . 2 2 . 4 2 . 6 2 . 8 3 . 3 . 2 3 . 4 3 . 6 3 . 8 4 .

% Ro Frequency

Average %Ro = 0.77

• Std. Dev. = 0.06
• No. Pts. = 38

04-2539-089835

Inertinite

ISO052-2

Unknown Formation Depth? Type? Mixed Kerogen Recycled Vitrinite Caved Vitrinite

Hum ble Geochemical Services

5 10 15 20 25 30 35 40 . . 2 . 4 . 6 . 8 1 . 1 . 2 1 . 4 1 . 6 1 . 8 2 . 2 . 2 2 . 4 2 . 6 2 . 8 3 . 3 . 2 3 . 4 3 . 6 3 . 8 4 .

% Ro Frequency

Average %Ro = 0.62

• Std. Dev. = 0.05
• No. Pts. = 39

04-2539-089840

Inertinite

ISO052-7

Unknown Formation Depth? Type? Mixed Kerogen Recycled Vitrinite Caved Vitrinite

Appendix IV

Ascent Energy, Inc Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

Tight Rock Analysis Core Lab

CORE LABORATORIES HOUSTON ADVANCED TECHNOLOGY CENTER Ticora Geosciences, INC CL File No.: HOU-040865 Shale Samples Analysis Date: October 29, 2004, 2004 ISOΦ52 Project Analyst(s): RL, JH Sample Depth Bulk Density Matrix Permeability (1) Grain Density Φ(2) Sg Gas filled Φ Sw(2) Mobile Oil Bound Hydrocarbon Bound Clay

g/cc

mD

g/cc (%) (%) (%)

(%) Saturation (So(2)) (%) Saturation So(%BV)(3) Water Sw (%BV)(3) 1 ISOΦ52-1 2.754 na 2.639 N/A N/A N/A N/A N/A N/A N/A 2 ISOΦ52-2 2.473 5.555E-05 2.602 5.85 56.6 3.31 43.45 0.00 0.48 5.38 3 ISOΦ52-3 2.396 4.748E-08 2.465 3.71 38.8 1.44 61.17 0.00 0.53 5.93 4 ISOΦ52-4 2.191 1.514E-07 2.233 3.10 10.9 0.34 80.96 8.10 12.75 6.04 5 ISOΦ52-5 2.213 1.348E-04 2.303 5.29 22.4 1.19 74.78 2.80 7.22 7.22 6 ISOΦ52-6 2.019 1.861E-04 2.135 6.72 42.5 2.85 54.78 2.74 11.71 7.32 7 ISOΦ52-7 2.123 3.065E-04 2.311 9.53 63.9 6.08 34.34 1.79 7.33 6.84 8 ISOΦ52-8 2.245 2.007E-04 2.360 6.19 39.8 2.46 56.85 3.39 6.46 6.22 9 ISOΦ52-9 2.282 1.615E-04 2.431 7.22 59.4 4.29 37.35 3.26 7.01 6.35 Footnotes:

(1) Matrix Permeability calculated from measured pressure decay data on a fresh, crushed, 20/35 mesh size sample. (2) Dean Stark extracted sample dried @ 110 °C. Sample crushed 20/35 mesh size. (3) Calculated from Retort Analysis. Sample 1 ISOΦ52-1 : It is likely that the analytical procedure has altered the average mineralogy of this sample. This is evidenced by the clean Grain Density being lower than the uncleaned Bulk Density. We are confident in the accuracy of both measurements. Calculation of porosity, permeability and saturations resulted in anomalous values and have not been reported.

Dry & Dean Stark Extracted Conditions As received Retort Analysis Page 1 ISO052_Shale Analysis(10-29-04)

Appendix V

Ascent Energy, Inc Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

Core Lithology and Photography TICORA Geosciences, Inc

Core Lithology

Client Name: Ascent Energy, Inc TICORA NO: ISO052

SAMPLE ID. MUDSTONE Non- Banded Banded Shale color SAMPLE INTERVAL COAL Comments Exsudatinite (Resinite) Sandstone Fluid Sensitivity Integrity COLOR Organic (Humic) Carbonate Mineralization S h a l e B

• n

y S l t s t n OTHER GRAINSTONE DESCRIPTION Texture Depth Drilled (feet)

E M D E M D

D M L

F M C C R E M S E M S E M S E M S

ISO052-1 X drk gry Sh, drk gry, sl carb, 1 vert frac, no second min ISO052-2 X gry-drk gry Sh, gry-drk gry, sl carb, pyr incl, fissile ISO052-3 X gry-drk gry Sh, gry-drk gry, sl carb, pyr incl, fissile, salt incl ISO052-4 X lt brn Sltstn, lt brn, sl carb, scat sh lams, sl friable ISO052-5 X lt brn Sltstn, lt brn, sl carb, scat sh lams, sl friable ISO052-6 X lt brn Sltstn, lt brn, sl carb, scat sh lams, sl friable ISO052-7 X blk Sh, blk, carb ISO052-8 X blk Sh, blk, carb ISO052-9 X blk-drk gry Sh, blk-drk gry, carb SAMPLE ID. Non- Banded Banded Shale color Comments Exsudatinite (Resinite) Sandstone Fluid Sensitivity Integrity COLOR Organic (Humic) Luster Grain Size Carbonate Mineralization S h a l e B

• n

y S l t s t n OTHER Texture Depth Drilled (feet) 3699.6 3701.8 3707.8 3379.6 3385 3391.1 3421 5373 5376.8

TICORA Geosciences, Inc

TICORA ISO052-1 Woodford Shale 3,699.6 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-2 Woodford Shale 3,701.8 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-3 Woodford Shale 3,707.8 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-4 Woodford Shale 3,379.6 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-5 Woodford Shale 3,385 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-6 Woodford Shale 3,391.1 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-7 Woodford Shale 3,421.0 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

TICORA ISO052-8 Caney Shale 5,373.0 feet

Core Photography

Ascent Energy, Inc

Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

TICORA Geosciences, Inc

Appendix VI

Ascent Energy, Inc Holt 1-19, MFY 5-17, EFU 9-41, & Kirby Gilbreth 1-20

Adsorption Isotherm Results TICORA Geosciences, Inc

FINAL REPORT Methane Adsorption Analysis Holt #1-19 (ISO052-2)

Ascent Energy, Inc Holt 1-19 : 10N 12E-19 NW NW – Core Samples

Submitted To: Ascent Energy

1700 Redbud Blvd., Suite 450 McKinney, TX 75069

Attention:

• Mr. John Pinkerton

Submitted By: TICORA Geosciences, Inc. 19000 West Highway 72, Suite 100 Arvada, Colorado 80007 Office: (720) 898-8200 Fax: (720) 898-8222

November 19, 2004

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

2

TICORA Geosciences, Inc. Disclaimer LEGAL NOTICE: This report was prepared by TICORA Geosciences, Inc. as an account of work performed for the client and is intended for informational purposes only. Any use of this information in relation to any specific application should be based on an independent examination and verification of its applicability for such use by professionally qualified personnel. Neither TICORA Geosciences, Inc., nor any persons or

• rganizations acting on its behalf:

(a) Makes any warranty or representation, expressed or implied, with respect to the accuracy, completeness,

• r usefulness of the information contained in this report; or

(b) Assumes any liability with respect to the use of, or for damages resulting from the use of, any information, apparatus, method, or process disclosed in this report.

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

3

TABLE OF CONTENTS

1.0 Summary of Analytical Results ......................................................................................................................... 4 2.0 Sample Preparation............................................................................................................................................ 6 2.1 Sample Reduction .............................................................................................................................................. 6 2.2 Moisture Equilibration........................................................................................................................................ 6 3.0 Sorption Isotherm Analysis ............................................................................................................................... 7 3.1 Cell Volume Determination................................................................................................................................ 7 3.2 Sample Loading.................................................................................................................................................. 7 3.3 Void Volume Determination............................................................................................................................... 7 3.4 Sorption Isotherm Analysis ............................................................................................................................... 7 3.5 Sample Unloading .............................................................................................................................................. 8 4.0 Gas Storage Capacity Uncertainty and Error Propagation ............................................................................. 8 5.0 References .......................................................................................................................................................... 9 Appendix A (Cell and Void Volume Calibration) ...........................................................................................................10 Appendix A (continued)...................................................................................................................................................11 Appendix B (Methane Gas Storage Capacity) ...............................................................................................................12 Appendix B (continued)...................................................................................................................................................13 Appendix C (Langmuir Regression)...............................................................................................................................14

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

4

1.0 SUMMARY OF ANALYTICAL RESULTS

A methane adsorption isotherm was conducted

• n

sample ISO052-2. Based

• n

the adsorption isotherm analysis described herein, the resultant methane storage capacity for sample ISO052-2

• n

an experimental and 100% TOC basis are 53.94 and 760.81 scf/ton, respectively (at the assumed reservoir pressure of 1,602.75 psia). Figure 1 illustrates the experimental gas storage capacity data. Sample description and critical gas storage capacity data are summarized in Table 1. Because TICORA was not involved in long term desorption analysis, the in-situ gas content, initial sorbed gas saturation value, critical desorption pressure, and gas recovery factor are unknown. Figure 1. Gas Storage Capacity vs. Pressure 10 20 30 40 50 60 70 400 800 1,200 1,600 2,000 2,400 Pressure, psia In-Situ Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Experimentally Determined Langmuir Fit 95% Confidence Interval Storage Capacity Uncertainty

Experimentally Determined Basis Table 1. Sample Description and Critical Gas Storage Capacity Data

Parameter Units Value Well

• Holt #19 & EFU #9-41

Location

• Unknown

County

• Unknown

State

• Unknown

Sample Type

• Shale

Reservoir Depth feet 3701.0-3702.0 Reservoir Pressure psia 1,602.75 Reservoir Temperature °F 130.00 Sample Characterization TICORA Sample Number

• ISO052-2

Moisture holding capacity

• wt. fraction

0.0080 Assumed ash content (in-situ)

• wt. fraction

0.9291 TOC content (in-situ)

• wt. fraction

0.0709 Mean Maximum Vitrinite reflectance % 0.7800 Coal Rank Classification (ASTM D 388)

• Carbonaceous Shale

In-Situ Gas Storage Capacity Data In-Situ Langmuir Volume scf/ton 130.55 In-Situ Langmuir Pressure psia 2,276.15 In-Situ Gas Storage Capacity scf/ton 53.94

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

5 The properties of the sample aliquot used for the analysis and the experimental sorption isotherm results are provided in Table 2. The experimental sorption isotherm and the 100% TOC results are graphically presented in Figure 2 and Figure 3 respectively. Please refer to Appendix B, Methane Gas Storage Capacity, to review the raw methane adsorption isotherm data. Table 2. Experimental Sample Aliquot Properties and Sorption Isotherm Results

Parameter Units Value Experimental Gas

• methane

Experimental Temperature

• F

130.22 Sample Mass g 193.66 Sample Density (Void Volume Based) g/cc 2.54 Pre-experiment Moisture Content

• wt. fraction

0.0080 Post-experiment Moisture Content

• wt. fraction

0.0080 Experimental Ash Content

• wt. fraction

0.9291 Minimum Experimental Pressure psia 115.87 Maximum Experimental Pressure psia 2188.34 Experimental Langmuir Volume scf/ton 130.55 Experimental Langmuir Pressure psia 2276.15 Experimental Langmuir Volume Range scf/ton 0.06 Experimental Langmuir Pressure psia 337.49 Pressure Experimental Gas Storage Capacity Calculated Langmuir Fit Gas Storage Capacity 100% TOC Gas Storage Capacity Calculated Langmuir Fit 100% TOC Gas Storage Capacity Step Number psia scf/ton scf/ton scf/ton scf/ton 1 115.9 6.60 6.32 93.02 89.19 2 523.5 23.64 24.41 333.42 344.27 3 936.6 38.14 38.06 537.97 536.79 4 1,354.5 48.18 48.70 679.53 686.95 5 1,773.6 56.22 57.17 792.95 806.39 6 2,188.3 65.36 63.99 921.89 902.53 Reservoir 1,602.8

• 53.94
• 760.81

Figure 2. Experimental Gas Storage Capacity Graph Figure 3. 100% TOC Gas Storage Capacity Graph

200 400 600 800 1000 1200 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Methane Storage Capacity, scf/ton

100% TOC Storage Capacity Langmuir Fit 95% Confidence Interval

100% TOC Basis 25 50 75 100 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Langmuir Fit 95% Confidence Interval

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

6 The sorption isotherm analytical results presented herein assume that the Langmuir relationship and model accurately predict the behavior of sorption reservoirs for the pressure and temperature conditions of most interest to coal and shale gas reservoir engineering. Table 3 and Figure 4 provide the results of the Langmuir regression obtained from the experimental sorption isotherm analysis data. Refer to Appendix C, Langmuir Regression, to review the raw Langmuir interpretation data. Figure 4. Langmuir Interpretation Graph

y = 0.0077x + 17.417 R2 = 0.9891 10 15 20 25 30 35 40 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Pressure / Gas Storage Capacity, psia- ton/scf

Experimental Data 95% Confidence Interval Linear Regression

2.0 SAMPLE PREPARATION 2

One of the most significant errors in gas storage capacity measurements results from measuring isotherm data on samples that are not at in-situ moisture conditions. Poor sample handling procedures and/or preparation of a non- representative sample aliquot will also impact gas storage capacity results. A brief description of TICORA’s sample preparation procedure is presented in this section. 2.1 Sample Reduction Typically, a core sample is quickly crushed to ¼” size particles. The sample is wetted with a misting spray bottle during comminution to maintain excess surface moisture. Representative aliquots are removed for the various analyses and testing required for complete characterization of the core sample, including helium density, moisture holding capacity and sorption isotherm analysis. The remaining crushed core (Premium Sample) is sealed in a laminate bag purged with helium to prevent oxidation. If a composite sample is required, then crushed aliquots are obtained from the premium samples of all core samples to be incorporated into the composite. These aliquots are combined and homogenized through staged grinding and riffling to produce a representative composite sample. The relative mass of each aliquot in the composite is determined on a weighted average basis. The sorption isotherm aliquot is further reduced to a particle size of minus 60 mesh. 2.2 Moisture Equilibration Before testing, isotherm samples are equilibrated to inherent moisture content using an improved version of ASTM Method D1412-99 for determining the moisture holding capacity (MHC) of coal samples. The two most critical differences in the improved method used by TICORA are that equilibration is conducted at reservoir temperature (to more accurately reflect in-situ conditions) and the time the sample spends equilibrating at in-situ conditions is extended up to 30 days. After the equilibration process, MHC is determined on a portion of the larger (~ 200 grams) sorption isotherm sample. MHC is also determined for triplicate aliquots of the premium samples which the isotherm sample is comprised of. The results are then compared to ensure that the inherent moisture content of isotherm sample has not been affected by the differences in mass and particle size relative to the equilibrated moisture contents from the Premium Samples. The sorption isotherm sample is then sealed in a laminate bag purged with helium and placed in refrigerated storage until it is

• tested. Note that MHC is not conducted on shale samples due to the unique structure of the organic material found within

shales, and other inherent problems when attempting to determine the MHC of shales. Table 3. Langmuir Regression Interpretation Data

Parameter Units Value Slope ton/scf 0.0077 Intercept psia*ton/scf 17.4171 Regression Coefficient (squared)

• 0.9891

Slope Variation ton/scf 0.0014 Intercept Variation psia*ton/scf 1.8922 GsL Variation scf/ton 0.06 PL Variation psia 337.49 Statistical Significance Level

• 0.95

Number of Data Points

• 6

T Distribution Value

• 3.50

Ascent Energy, Inc Holt #1-19 TICORA Geosciences, Inc.

7

3.0 SORPTION ISOTHERM ANALYSIS 1

Sorption isotherm data relate sorbed gas storage capacity to pressure and are necessary to predict the production behavior of sorption reservoirs such as found in coal seams and shale gas deposits. The difference between in-situ reservoir pressure and the critical desorption pressure defines the amount of pressure that must be decreased at the well head to enable the representative sample to begin desorbing the gas bound to its organic matter. Based upon the initial degree of saturation and the abandonment pressure, the percent recovery expresses the percentage of the gas content that can be extracted from the reservoir during the life of production. The following procedures are required to produce gas storage capacity data:

• Calculate reference and sample cell volumes using helium.
• Calculate the void volume present within the sample cell when sample is present with in the vessel.
• Perform a sorption isotherm test with a given sorbing gas (CH4, CO2, N2, C2H6), using the resulting pressure and

temperature data to calculate the number of molecules sorbed within the sample over a series of increasing pressure steps. 3.1 Cell Volume Determination Before any type of sorption isotherm analysis can be conducted the volumes of the reference and sample cells must be accurately known. To determine the cell volumes a calibration test must be run twice, first with each cell empty, then with the sample cell filled with calibration bearings of a known volume. Each test is run using six pressure steps and the non- sorbing gas, helium. The calculated reference cell and sample cell volumes should be identical (relative to each individual cell) for all six pressure steps, but in reality there are slight volume variations each step (approximately ±0.25 cm3 deviation from the average) due to the limits of accuracy present in the various instrumental components. The highest and lowest determined cell volumes are discarded and the remaining four values are averaged. Appendix A includes the raw cell volume calibration data. 3.2 Sample Loading The sample is weighed quickly on a precision balance accurate to .0001 grams. Regularly the sample’s weight is in a continual state of flux upon the scale due to evaporation of moisture from the sample. Through experience it has been determined that subtracting ~ 0.005 grams from the last reading before removal from the scale is adequate to account for further moisture/weight loss that will occur between the time the sample is removed from the scale to the point it is loaded within the test vessel. After weighing, the sample is loaded into the sample cell and lowered into the controlled- temperature oil bath. 3.3 Void Volume Determination Once the sample is loaded into the sample cell, the reference and sample cells are brought to reservoir temperature. The void volume is then determined similarly to cell volume calibration, using helium (a non sorbing gas) and six pressure

• steps. The highest and lowest determined void volumes are discarded and the remaining four are averaged. Appendix A

also includes the raw void volume calibration data. 3.4 Sorption Isotherm Analysis Once the void volume has been calculated, sorption isotherm analysis is conducted. The reference cell is charged with a sorbing gas to a pressure above the desired sample vessel equilibrium pressure. After the charged reference cell pressure reaches equilibrium, the valve between the sample cell and reference cell is opened and gas is allowed to flow into the sample cell. The valve between the vessels is closed and the sample and reference cell pressures are allowed to come to equilibrium. The reference cell is then recharged and the sequence of events is repeated. The number of molecules sorbed onto a sample during a pressure step is determined based on material balance. The number of molecules sorbed is equal to the number of molecules that flow out of the reference cell into the sample cell, minus the number of remaining molecules in the void volume of the sample cell after the sample cell pressure

• equilibrates. The void volume includes the pore space within the sample and therefore is reduced from pressure step to

pressure step as more and more porosity is filled with sorbed gas. This requires the void volume be recalculated for each step (Review Reference 1 for a more detailed discussion of this topic). The number of moles sorbed during a pressure step is converted to an equivalent scf/ton value and corrected for the change in void volume. Each individually determined pressure step storage capacity is added to the previously determined storage capacity and reported with the corresponding end sample equilibrium pressure. Gas storage capacity results are typically converted to reflect storage capacity on a dry, ash free basis, etc. Such data, though theoretical, are useful for comparing samples that might vary in depth, ash content, moisture content, etc. The calculations to determine gas storage capacity on a moist, ash free basis, dry, ash free basis, in-situ basis, and dry, ash

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8 and sulfur free basis are presented in Equations 1, 2, 3, and 4 respectively. Appendix B includes the raw gas storage capacity data. Gsma = Gs• 1/(1 – wae) (1) Gsa = Gs• 1/(1 – wme – wae) (2) Gsi = Gsa• (1 – wmi – wai) (3) Gsa&s = Gs• 1/(1 – wme – wae – wse) (4) Where:

Gs gas storage capacity, scf/ton Gsma moist, ash free gas storage capacity, scf/ton Gsa dry, ash free gas storage capacity, scf/ton Gsi in-situ gas storage capacity, sfc/ton Gsa&s dry, ash and sulfur free gas storage capacity, scf/ton wme experimentally determined moisture weight fraction wae experimentally determined ash weight fraction wse experimentally determined total sulfur fraction wmi in-situ moisture weight fraction wai in-situ ash weight fraction

To construct a mathematical fit to the resulting data, the Langmuir model is used. Plotting equilibrium pressure divided by calculated storage capacity vs. equilibrium pressure produces a linear relationship. The intercept and slope of the resulting linear function are used to produce the “Langmuir Parameters” (Langmuir pressure and Langmuir volume). Once the Langmuir parameters are determined one can model the gas storage capacity at any pressure. The mathematical model is defined by Equation 5. Appendix C includes the raw Langmuir regression data. Gs = GsL•p / (p+PL) (5) Where:

Gs gas storage capacity, scf/ton p pressure, psia GsL Langmuir Volume, sfc/ton PL Langmuir Pressure, psia

3.5 Sample Unloading Once the sorption isotherm test has been completed, the sample cell pressure is reduced to slightly above atmospheric

• pressure. The sample begins to desorb the gas sorbed during the sorption isotherm test, causing the pressure inside the

sample cell to rise. The pressure build up reduces repeatedly until all gas has been desorbed. The sample is then unloaded and a small aliquot is removed for post-isotherm MHC determination. Post-isotherm MHC is conducted in triplicate and the moisture content is compared to the MHC determined prior to isotherm analysis. This is done to ensure that the moisture content has remained stable and to ensure that the storage capacity results do indeed reflect in-situ conditions.

4.0 GAS STORAGE CAPACITY UNCERTAINTY AND ERROR PROPAGATION 1

There are systematic and random errors associated with isotherm measurements. The systematic errors result from improper sample preparation and handling, use of an experimental temperature different from the actual reservoir temperature, errors in gas z factor estimates, and poor equipment calibration practices. Condensation of the sorbing gas

• f interest within the sample or reference cells can also occur when testing relatively high critical temperature gases

(CO2, C2H6, C3H8 for example), even at temperatures below the critical temperature. Examples of random errors are those that result from unintended exceptions to standard sample preparation procedures, cell pressure and temperature variations caused by laboratory condition and oil bath temperature variations, and temperature and pressure measurement fluctuations caused by electronic equipment and electrical power variations. In an effort to reduce these errors, TICORA uses the most accurate gas density correlations available. All pressure transducers, thermocouples, and mass balances are calibrated or checked before each measurement. TICORA requests that the clients take special care in estimating reservoir temperature before requesting sorption isotherm analysis. The condensation conditions for gases are accurately known and avoided. We have reduced random errors by construction

• f an isolated, insulated, and temperature controlled isotherm laboratory that includes high quality (and expensive)

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9 electrical control and battery backup systems. All of the electronic equipment used in the isotherm apparatus are the best quality available. Independent and random uncertainties can be computed by differentiating the isotherm interpretation equations. The uncertainty estimated in this manner is generally expected to be a maximum uncertainty as it is unlikely that each parameter will be at its maximum accuracy limit during any one measurement. Equation 6 is the general error equation for a function of n variables, x1 through xn. The derivative values and the associated errors are computed for each parameter in the equations used to compute the reference cell, sample cell, and void volumes and the equation used to calculate the gas storage capacity for each isotherm step.

( )

2 2 2 1 2 1 2 1 2

, , ,

n n n

f f f df x x x dx dx dx x x x ⎛ ⎞ ⎛ ⎞ ⎛ ⎞ ∂ ∂ ∂ ⋅⋅⋅ = + + ⋅⋅⋅+ ⎜ ⎟ ⎜ ⎟ ⎜ ⎟ ∂ ∂ ∂ ⎝ ⎠ ⎝ ⎠ ⎝ ⎠

(6) The calibration errors are used to estimate the uncertainty in each step of the isotherm measurements. The individual items are the combination of the partial derivative of the total gas storage capacity with respect to the parameter times the maximum error in the parameter. These parameters were squared and added in accordance with Equation 6 to estimate the total uncertainty. Refer to Appendix B, Methane Gas Storage Capacity, pp. 12, to review the total gas storage capacity uncertainty associated with the isotherm conducted for sample ISO052-2. TICORA emphasizes that gas storage capacity data are not measured directly but are computed from measured pressure and temperature conditions. By taking great care to maximize measurement accuracy while minimizing systematic and random errors TICORA has found that we can measure gas storage capacity data with an average uncertainty of ±5% or less. TICORA takes pride in full disclosure of all data involved with sorption isotherm measurements.

5.0 REFERENCES

1. Mavor, M.J., Hartman, C., and Pratt, T.J.: “Uncertainty in Sorption Isotherm Measurements”, paper 411, Proceedings 2004 International Coalbed Methane Symposium, University of Alabama, Tuscaloosa, AL (May 2004) 2. Testa, S.M. and Pratt, T.J.: “Sample Preparation for Coal and Shale Gas Resource Assessment”, paper 356, 2003 International Coalbed Methane Symposium, University of Alabama, Tuscaloosa, AL (May 5-9, 2003)

• 3. 2001 Annual Book of ASTM Standards, Volume 05.05 Gaseous Fuels; Coal and Coke, American

Society for Testing and Materials, Philadelphia, PA (2001).

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Appendix A Cell Volume and Void Volume Calibration

Calibration Data with Empty Sample Cell

Reference Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.48 2.13 1.65 148.54 97.02 1.00452 55.32 97.03 1.00168 2 2.78 3.28 0.50 314.52 97.03 1.00958 149.43 97.01 1.00455 3 3.88 4.44 0.57 508.42 97.02 1.01551 279.23 97.02 1.00851 4 20.13 21.13 1.00 1006.40 96.96 1.03078 640.99 96.93 1.01957 5 21.70 23.01 1.31 1526.87 97.00 1.04680 894.54 97.00 1.02735 6 23.97 25.87 1.90 2077.83 97.01 1.06379 1,317.10 97.02 1.04034 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.48 2.78 2.30 1.93 97.25 1.00006 55.14 97.30 1.00168 2 2.78 3.88 1.09 55.14 97.30 1.00168 148.99 97.30 1.00453 3 3.88 20.13 16.26 148.99 97.30 1.00453 279.28 97.24 1.00851 4 20.13 21.70 1.56 279.28 97.24 1.00851 540.31 97.27 1.01648 5 21.70 23.97 2.28 540.31 97.27 1.01648 892.58 97.29 1.02727 6 23.97 25.87 1.90 892.58 97.29 1.02727 1,314.50 97.30 1.04023

Calibration Data with Calibration Bearings in Sample Cell

Reference Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.07 1.78 0.72 160.95 97.02 1.00490 85.44 97.01 1.00260 2 2.20 3.00 0.80 305.10 97.02 1.00930 199.20 97.01 1.00607 3 3.38 4.12 0.74 502.14 97.03 1.01532 356.17 96.97 1.01086 4 16.42 17.71 1.30 1006.03 97.03 1.03077 691.46 97.01 1.02112 5 18.46 21.83 3.37 1607.49 97.02 1.04928 1,161.40 97.03 1.03554 6 22.99 23.86 0.87 2409.68 97.04 1.07403 1,798.73 97.02 1.05518 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.07 2.20 1.13 3.17 96.89 1.00010 84.30 96.90 1.00257 2 2.20 3.38 1.18 84.30 96.90 1.00257 197.93 96.88 1.00603 3 3.38 16.42 13.03 197.93 96.88 1.00603 353.71 96.93 1.01078 4 16.42 18.46 2.04 353.71 96.93 1.01078 685.83 96.91 1.02095 5 18.46 22.99 4.53 685.83 96.91 1.02095 1,153.42 96.92 1.03531 6 22.99 23.86 0.87 1153.42 96.92 1.03531 1,787.92 96.93 1.05485

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Appendix A (continued)

Sample Cell Void Volume Calibration Data

Reference Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.15 18.36 17.21 165.14 129.92 1.00471 80.35 129.91 1.00229 2 19.09 19.57 0.48 316.26 129.92 1.00903 192.37 129.93 1.00549 3 20.07 22.44 2.38 517.45 129.93 1.01479 346.42 129.92 1.00989 4 23.03 24.36 1.32 987.58 129.93 1.02830 648.83 129.93 1.01856 5 25.02 43.51 18.50 1562.58 129.94 1.04489 1,077.25 129.95 1.03088 6 44.11 45.27 1.17 2388.27 129.93 1.06879 1,689.94 129.92 1.04857 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.15 19.09 17.94 3.59 130.05 1.00010 80.72 130.01 1.00230 2 19.09 20.07 0.98 80.72 130.01 1.00230 192.86 130.03 1.00550 3 20.07 23.03 2.97 192.86 130.03 1.00550 347.01 130.05 1.00991 4 23.03 25.02 1.98 347.01 130.05 1.00991 649.40 130.03 1.01857 5 25.02 44.11 19.09 649.40 130.03 1.01857 1,077.94 130.01 1.03090 6 44.11 45.27 1.17 1077.94 130.01 1.03090 1,690.74 130.01 1.04859

Cell Volume Calibration Data

Reference Cell Volume Sample Cell Volume Void Volume Step Number cm3 cm3 cm3 1 117.87 205.69 129.56 2 117.64 205.40 129.95 3 118.81 206.79 130.16 4 220.47 301.18 130.26 5 118.31 206.30 130.70 6 118.54 206.48 130.12 Average 135.27 221.97 130.12 Value Deviation From Average Parameter cm3 % Interpretation Reference Cell Volume 118.38

• 12.4857

Interpretation Sample Cell Volume 206.32

• 7.0538

Interpretation Void Volume 130.12

• 0.0016

Interpretation Parameters

Parameter Units Value Sample Mass g 193.66 Sample Density (Void Volume Based) g/cm3 2.54 Total Calibration Bearings Volume cm3 96.53 Helium Molecular Weight g/gmole 4.0026 The N.I.S.T Pure Fluids Data Base was the Equation of State used to calculate all free gas densities.

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Appendix B Methane Gas Storage Capacity

Methane Sorption End Point Data

Reference Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.69 3.38 2.69 243.01 130.17 0.98026 115.78 130.13 0.99047 2 5.24 6.47 1.23 957.93 130.14 0.92931 523.35 130.13 0.95883 3 8.18 10.68 2.50 1,380.45 130.16 0.90631 936.97 130.17 0.93063 4 22.28 24.47 2.20 1,809.09 130.16 0.89019 1,354.17 130.15 0.90754 5 25.24 27.01 1.77 2,240.92 130.16 0.88236 1,772.86 130.16 0.89123 6 27.81 32.03 4.22 2,665.71 130.16 0.88316 2,187.63 130.16 0.88286 Sample Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.69 5.24 4.55 2.85 130.23 0.99976 115.87 130.22 0.99047 2 5.24 8.18 2.93 115.87 130.22 0.99047 523.45 130.22 0.95885 3 8.18 22.28 14.10 523.45 130.22 0.95885 936.61 130.22 0.93068 4 22.28 25.24 2.97 936.61 130.22 0.93068 1,354.54 130.22 0.90757 5 25.24 27.81 2.57 1354.54 130.22 0.90757 1,773.61 130.20 0.89125 6 27.81 32.03 4.22 1773.61 130.20 0.89125 2,188.34 130.22 0.88291 Average Temperature 130.22

Experimentally Determined Storage Capacity Data

Stabilized Sample Cell Pressure Stabilized Sample Cell Gas Density Gibbs Storage Capacity Correction Factor Gibbs Storage Capacity True Storage Capacity 100% TOC Storage Capacity Step Number psia g/cm3

• scf/ton

scf/ton scf/ton 1 115.87 0.00475 1.0114 6.52 6.60 93.02 2 523.45 0.02216 1.0554 22.40 23.64 333.42 3 936.61 0.04085 1.1071 34.45 38.14 537.97 4 1,354.54 0.06059 1.1675 41.27 48.18 679.53 5 1,773.61 0.08079 1.2366 45.47 56.22 792.95 6 2,188.34 0.10061 1.3128 49.79 65.36 921.89

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13

Appendix B (continued)

Propogated Uncertainty

Stabilized Sample Cell Pressure Storage Capacity Uncertainty 100% TOC Storage Capacity Uncertainty Step Number psia scf/ton scf/ton 1 115.87 0.49 6.93 2 523.45 4.50 63.51 3 936.61 6.26 88.34 4 1354.54 8.45 119.25 5 1773.61 10.87 153.29 6 2188.34 13.28 187.33

Interpretation Parameters

Parameter Units Value Methane molecular weight g/gmole 16.0428 Methane sorbed density g/cm3 0.4234 Reference Cell Volume cm3 118.26 Sample Cell Volume cm3 206.20 Sample Cell Void Volume cm3 129.98 The N.I.S.T Pure Fluids Data Base was the Equation of State used to calculate all free gas densities.

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Appendix C Langmuir Regression

Experimental Storage Capacity Data Stabilized Sample Cell Pressure Storage Capacity 100% TOC Storage Capacity Step Number psia scf/ton scf/ton 1 115.87 6.60 93.02 2 523.45 23.64 333.42 3 936.61 38.14 537.97 4 1,354.54 48.18 679.53 5 1,773.61 56.22 792.95 6 2,188.34 65.36 921.89 Langmuir Regression Data Parameters Storage Capacity 100% TOC Storage Capacity Slope 0.0077 0.0005 Intercept 17.4355 1.2362 Regression Coefficient (squared) 0.9891 0.9891 Intercept Variation, psia*ton/scf 1.8942 0.1343 Slope Variation, ton/scf 0.0014 0.0001 GsL Variation, scf/ton 0.06 0.80 PL Variation, psia 337.49 337.49 Langmuir Volume, scf/ton 130.55 1841.28 Langmuir Pressure, psia 2276.15 2276.15 Calculated Langmuir Fit Storage Capacity Data Stabilized Sample Cell Pressure Storage Capacity 100% TOC Storage Capacity Step Number psia scf/ton scf/ton 1 115.87 6.32 89.19 2 523.45 24.41 344.27 3 936.61 38.06 536.79 4 1,354.54 48.70 686.95 5 1,773.61 57.17 806.39 6 2,188.34 63.99 902.53 Reservoir Pressure 1,602.75 53.94 760.81

FINAL REPORT Methane Adsorption Analysis EFU #9-41 (ISO052-7)

Ascent Energy, Inc EFU 9-41 : 2N 7E-27 NW NE NE NW – Core Samples

Submitted To: Ascent Energy

1700 Redbud Blvd., Suite 450 McKinney, TX 75069

Attention:

• Mr. John Pinkerton

Submitted By: TICORA Geosciences, Inc. 19000 West Highway 72, Suite 100 Arvada, Colorado 80007 Office: (720) 898-8200 Fax: (720) 898-8222

November 19, 2004

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2

TICORA Geosciences, Inc. Disclaimer LEGAL NOTICE: This report was prepared by TICORA Geosciences, Inc. as an account of work performed for the client and is intended for informational purposes only. Any use of this information in relation to any specific application should be based on an independent examination and verification of its applicability for such use by professionally qualified personnel. Neither TICORA Geosciences, Inc., nor any persons or

• rganizations acting on its behalf:

(a) Makes any warranty or representation, expressed or implied, with respect to the accuracy, completeness,

• r usefulness of the information contained in this report; or

(b) Assumes any liability with respect to the use of, or for damages resulting from the use of, any information, apparatus, method, or process disclosed in this report.

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TABLE OF CONTENTS

1.0 Summary of Analytical Results ......................................................................................................................... 4 2.0 Sample Preparation............................................................................................................................................ 6 2.1 Sample Reduction .............................................................................................................................................. 6 2.2 Moisture Equilibration........................................................................................................................................ 6 3.0 Sorption Isotherm Analysis ............................................................................................................................... 7 3.1 Cell Volume Determination................................................................................................................................ 7 3.2 Sample Loading.................................................................................................................................................. 7 3.3 Void Volume Determination............................................................................................................................... 7 3.4 Sorption Isotherm Analysis ............................................................................................................................... 7 3.5 Sample Unloading .............................................................................................................................................. 8 4.0 Gas Storage Capacity Uncertainty and Error Propagation ............................................................................. 8 5.0 References .......................................................................................................................................................... 9 Appendix A (Cell and Void Volume Calibration) ...........................................................................................................10 Appendix A (continued)...................................................................................................................................................11 Appendix B (Methane Gas Storage Capacity) ...............................................................................................................12 Appendix B (continued)...................................................................................................................................................13 Appendix C (Langmuir Regression)...............................................................................................................................14

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1.0 SUMMARY OF ANALYTICAL RESULTS

A methane adsorption isotherm was conducted

• n

sample ISO052-7. Based

• n

the adsorption isotherm analysis described herein, the resultant methane storage capacity for sample ISO052-7

• n

an experimental and 100% TOC basis are 115.53 and 957.17 scf/ton, respectively (at the assumed reservoir pressure of 1,481.51 psia). Figure 1 illustrates the experimental gas storage capacity data. Sample description and critical gas storage capacity data are summarized in Table 1. Because TICORA was not involved in long term desorption analysis, the in-situ gas content, initial sorbed gas saturation value, critical desorption pressure, and gas recovery factor are unknown. Figure 1. Gas Storage Capacity vs. Pressure 25 50 75 100 125 150 175 200 400 800 1,200 1,600 2,000 2,400 Pressure, psia In-Situ Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Experimentally Determined Langmuir Fit 95% Confidence Interval Storage Capacity Uncertainty

Experimentally Determined Basis Table 1. Sample Description and Critical Gas Storage Capacity Data

Parameter Units Value Well

• Holt #19 & EFU #9-41

Location

• Unknown

County

• Unknown

State

• Unknown

Sample Type

• Shale

Reservoir Depth feet 3421.0-3422.0 Reservoir Pressure psia 1,481.51 Reservoir Temperature °F 130.00 Sample Characterization TICORA Sample Number

• ISO052-7

Moisture holding capacity

• wt. fraction

0.0152 Assumed ash content (in-situ)

• wt. fraction

0.8793 TOC content (in-situ)

• wt. fraction

0.1207 Mean Maximum Vitrinite reflectance % 0.6200 Coal Rank Classification (ASTM D 388)

• Carbonaceous Shale

In-Situ Gas Storage Capacity Data In-Situ Langmuir Volume scf/ton 262.60 In-Situ Langmuir Pressure psia 1,885.97 In-Situ Gas Storage Capacity scf/ton 115.53

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5 The properties of the sample aliquot used for the analysis and the experimental sorption isotherm results are provided in Table 2. The experimental sorption isotherm and the 100% TOC results are graphically presented in Figure 2 and Figure 3 respectively. Please refer to Appendix B, Methane Gas Storage Capacity, to review the raw methane adsorption isotherm data. Table 2. Experimental Sample Aliquot Properties and Sorption Isotherm Results

Parameter Units Value Experimental Gas

• methane

Experimental Temperature

• F

130.15 Sample Mass g 169.62 Sample Density (Void Volume Based) g/cc 2.22 Pre-experiment Moisture Content

• wt. fraction

0.0152 Post-experiment Moisture Content

• wt. fraction

0.0152 Experimental Ash Content

• wt. fraction

0.8793 Minimum Experimental Pressure psia 119.22 Maximum Experimental Pressure psia 2182.34 Experimental Langmuir Volume scf/ton 262.60 Experimental Langmuir Pressure psia 1885.97 Experimental Langmuir Volume Range scf/ton 0.85 Experimental Langmuir Pressure psia 653.23 Pressure Experimental Gas Storage Capacity Calculated Langmuir Fit Gas Storage Capacity 100% TOC Gas Storage Capacity Calculated Langmuir Fit 100% TOC Gas Storage Capacity Step Number psia scf/ton scf/ton scf/ton scf/ton 1 119.2 17.59 15.61 145.71 129.35 2 519.5 53.64 56.71 444.37 469.85 3 930.9 84.13 86.79 697.01 719.02 4 1,351.0 105.57 109.60 874.66 908.05 5 1,768.3 125.34 127.07 1,038.41 1052.81 6 2,182.3 147.24 140.87 1,219.87 1167.08 Reservoir 1,481.5

• 115.53
• 957.17

Figure 2. Experimental Gas Storage Capacity Graph Figure 3. 100% TOC Gas Storage Capacity Graph

200 400 600 800 1000 1200 1400 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Methane Storage Capacity, scf/ton

100% TOC Storage Capacity Langmuir Fit 95% Confidence Interval

100% TOC Basis 25 50 75 100 125 150 175 200 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Methane Storage Capacity, scf/ton

Experimentally Determined Storage Capacity Langmuir Fit 95% Confidence Interval

Experimentally Determined Basis

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6 The sorption isotherm analytical results presented herein assume that the Langmuir relationship and model accurately predict the behavior of sorption reservoirs for the pressure and temperature conditions of most interest to coal and shale gas reservoir engineering. Table 3 and Figure 4 provide the results of the Langmuir regression obtained from the experimental sorption isotherm analysis data. Refer to Appendix C, Langmuir Regression, to review the raw Langmuir interpretation data. Figure 4. Langmuir Interpretation Graph

y = 0.0038x + 7.1818 R2 = 0.9595 2 4 6 8 10 12 14 16 18 20 400 800 1,200 1,600 2,000 2,400 Stabilized Sample Cell Pressure, psia Pressure / Gas Storage Capacity, psia- ton/scf

Experimental Data 95% Confidence Interval Linear Regression

Experimentally Determined Basis

2.0 SAMPLE PREPARATION 2

One of the most significant errors in gas storage capacity measurements results from measuring isotherm data on samples that are not at in-situ moisture conditions. Poor sample handling procedures and/or preparation of a non- representative sample aliquot will also impact gas storage capacity results. A brief description of TICORA’s sample preparation procedure is presented in this section. 2.1 Sample Reduction Typically, a core sample is quickly crushed to ¼” size particles. The sample is wetted with a misting spray bottle during comminution to maintain excess surface moisture. Representative aliquots are removed for the various analyses and testing required for complete characterization of the core sample, including helium density, moisture holding capacity and sorption isotherm analysis. The remaining crushed core (Premium Sample) is sealed in a laminate bag purged with helium to prevent oxidation. If a composite sample is required, then crushed aliquots are obtained from the premium samples of all core samples to be incorporated into the composite. These aliquots are combined and homogenized through staged grinding and riffling to produce a representative composite sample. The relative mass of each aliquot in the composite is determined on a weighted average basis. The sorption isotherm aliquot is further reduced to a particle size of minus 60 mesh. 2.2 Moisture Equilibration Before testing, isotherm samples are equilibrated to inherent moisture content using an improved version of ASTM Method D1412-99 for determining the moisture holding capacity (MHC) of coal samples. The two most critical differences in the improved method used by TICORA are that equilibration is conducted at reservoir temperature (to more accurately reflect in-situ conditions) and the time the sample spends equilibrating at in-situ conditions is extended up to 30 days. After the equilibration process, MHC is determined on a portion of the larger (~ 200 grams) sorption isotherm sample. MHC is also determined for triplicate aliquots of the premium samples which the isotherm sample is comprised of. The results are then compared to ensure that the inherent moisture content of isotherm sample has not been affected by the differences in mass and particle size relative to the equilibrated moisture contents from the Premium Samples. The sorption isotherm sample is then sealed in a laminate bag purged with helium and placed in refrigerated storage until it is

• tested. Note that MHC is not conducted on shale samples due to the unique structure of the organic material found within

shales, and other inherent problems when attempting to determine the MHC of shales. Table 3. Langmuir Regression Interpretation Data

Parameter Units Value Slope ton/scf 0.0038 Intercept psia*ton/scf 7.1818 Regression Coefficient (squared)

• 0.9595

Slope Variation ton/scf 0.0014 Intercept Variation psia*ton/scf 1.8398 GsL Variation scf/ton 0.85 PL Variation psia 653.23 Statistical Significance Level

• 0.95

Number of Data Points

• 6

T Distribution Value

• 3.50

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3.0 SORPTION ISOTHERM ANALYSIS 1

Sorption isotherm data relate sorbed gas storage capacity to pressure and are necessary to predict the production behavior of sorption reservoirs such as found in coal seams and shale gas deposits. The difference between in-situ reservoir pressure and the critical desorption pressure defines the amount of pressure that must be decreased at the well head to enable the representative sample to begin desorbing the gas bound to its organic matter. Based upon the initial degree of saturation and the abandonment pressure, the percent recovery expresses the percentage of the gas content that can be extracted from the reservoir during the life of production. The following procedures are required to produce gas storage capacity data:

• Calculate reference and sample cell volumes using helium.
• Calculate the void volume present within the sample cell when sample is present with in the vessel.
• Perform a sorption isotherm test with a given sorbing gas (CH4, CO2, N2, C2H6), using the resulting pressure and

temperature data to calculate the number of molecules sorbed within the sample over a series of increasing pressure steps. 3.1 Cell Volume Determination Before any type of sorption isotherm analysis can be conducted the volumes of the reference and sample cells must be accurately known. To determine the cell volumes a calibration test must be run twice, first with each cell empty, then with the sample cell filled with calibration bearings of a known volume. Each test is run using six pressure steps and the non- sorbing gas, helium. The calculated reference cell and sample cell volumes should be identical (relative to each individual cell) for all six pressure steps, but in reality there are slight volume variations each step (approximately ±0.25 cm3 deviation from the average) due to the limits of accuracy present in the various instrumental components. The highest and lowest determined cell volumes are discarded and the remaining four values are averaged. Appendix A includes the raw cell volume calibration data. 3.2 Sample Loading The sample is weighed quickly on a precision balance accurate to .0001 grams. Regularly the sample’s weight is in a continual state of flux upon the scale due to evaporation of moisture from the sample. Through experience it has been determined that subtracting ~ 0.005 grams from the last reading before removal from the scale is adequate to account for further moisture/weight loss that will occur between the time the sample is removed from the scale to the point it is loaded within the test vessel. After weighing, the sample is loaded into the sample cell and lowered into the controlled- temperature oil bath. 3.3 Void Volume Determination Once the sample is loaded into the sample cell, the reference and sample cells are brought to reservoir temperature. The void volume is then determined similarly to cell volume calibration, using helium (a non sorbing gas) and six pressure

• steps. The highest and lowest determined void volumes are discarded and the remaining four are averaged. Appendix A

also includes the raw void volume calibration data. 3.4 Sorption Isotherm Analysis Once the void volume has been calculated, sorption isotherm analysis is conducted. The reference cell is charged with a sorbing gas to a pressure above the desired sample vessel equilibrium pressure. After the charged reference cell pressure reaches equilibrium, the valve between the sample cell and reference cell is opened and gas is allowed to flow into the sample cell. The valve between the vessels is closed and the sample and reference cell pressures are allowed to come to equilibrium. The reference cell is then recharged and the sequence of events is repeated. The number of molecules sorbed onto a sample during a pressure step is determined based on material balance. The number of molecules sorbed is equal to the number of molecules that flow out of the reference cell into the sample cell, minus the number of remaining molecules in the void volume of the sample cell after the sample cell pressure

• equilibrates. The void volume includes the pore space within the sample and therefore is reduced from pressure step to

pressure step as more and more porosity is filled with sorbed gas. This requires the void volume be recalculated for each step (Review Reference 1 for a more detailed discussion of this topic). The number of moles sorbed during a pressure step is converted to an equivalent scf/ton value and corrected for the change in void volume. Each individually determined pressure step storage capacity is added to the previously determined storage capacity and reported with the corresponding end sample equilibrium pressure. Gas storage capacity results are typically converted to reflect storage capacity on a dry, ash free basis, etc. Such data, though theoretical, are useful for comparing samples that might vary in depth, ash content, moisture content, etc. The calculations to determine gas storage capacity on a moist, ash free basis, dry, ash free basis, in-situ basis, and dry, ash

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8 and sulfur free basis are presented in Equations 1, 2, 3, and 4 respectively. Appendix B includes the raw gas storage capacity data. Gsma = Gs• 1/(1 – wae) (1) Gsa = Gs• 1/(1 – wme – wae) (2) Gsi = Gsa• (1 – wmi – wai) (3) Gsa&s = Gs• 1/(1 – wme – wae – wse) (4) Where:

Gs gas storage capacity, scf/ton Gsma moist, ash free gas storage capacity, scf/ton Gsa dry, ash free gas storage capacity, scf/ton Gsi in-situ gas storage capacity, sfc/ton Gsa&s dry, ash and sulfur free gas storage capacity, scf/ton wme experimentally determined moisture weight fraction wae experimentally determined ash weight fraction wse experimentally determined total sulfur fraction wmi in-situ moisture weight fraction wai in-situ ash weight fraction

To construct a mathematical fit to the resulting data, the Langmuir model is used. Plotting equilibrium pressure divided by calculated storage capacity vs. equilibrium pressure produces a linear relationship. The intercept and slope of the resulting linear function are used to produce the “Langmuir Parameters” (Langmuir pressure and Langmuir volume). Once the Langmuir parameters are determined one can model the gas storage capacity at any pressure. The mathematical model is defined by Equation 5. Appendix C includes the raw Langmuir regression data. Gs = GsL•p / (p+PL) (5) Where:

Gs gas storage capacity, scf/ton p pressure, psia GsL Langmuir Volume, sfc/ton PL Langmuir Pressure, psia

3.5 Sample Unloading Once the sorption isotherm test has been completed, the sample cell pressure is reduced to slightly above atmospheric

• pressure. The sample begins to desorb the gas sorbed during the sorption isotherm test, causing the pressure inside the

sample cell to rise. The pressure build up reduces repeatedly until all gas has been desorbed. The sample is then unloaded and a small aliquot is removed for post-isotherm MHC determination. Post-isotherm MHC is conducted in triplicate and the moisture content is compared to the MHC determined prior to isotherm analysis. This is done to ensure that the moisture content has remained stable and to ensure that the storage capacity results do indeed reflect in-situ conditions.

4.0 GAS STORAGE CAPACITY UNCERTAINTY AND ERROR PROPAGATION 1

There are systematic and random errors associated with isotherm measurements. The systematic errors result from improper sample preparation and handling, use of an experimental temperature different from the actual reservoir temperature, errors in gas z factor estimates, and poor equipment calibration practices. Condensation of the sorbing gas

• f interest within the sample or reference cells can also occur when testing relatively high critical temperature gases

(CO2, C2H6, C3H8 for example), even at temperatures below the critical temperature. Examples of random errors are those that result from unintended exceptions to standard sample preparation procedures, cell pressure and temperature variations caused by laboratory condition and oil bath temperature variations, and temperature and pressure measurement fluctuations caused by electronic equipment and electrical power variations. In an effort to reduce these errors, TICORA uses the most accurate gas density correlations available. All pressure transducers, thermocouples, and mass balances are calibrated or checked before each measurement. TICORA requests that the clients take special care in estimating reservoir temperature before requesting sorption isotherm analysis. The condensation conditions for gases are accurately known and avoided. We have reduced random errors by construction

• f an isolated, insulated, and temperature controlled isotherm laboratory that includes high quality (and expensive)

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9 electrical control and battery backup systems. All of the electronic equipment used in the isotherm apparatus are the best quality available. Independent and random uncertainties can be computed by differentiating the isotherm interpretation equations. The uncertainty estimated in this manner is generally expected to be a maximum uncertainty as it is unlikely that each parameter will be at its maximum accuracy limit during any one measurement. Equation 6 is the general error equation for a function of n variables, x1 through xn. The derivative values and the associated errors are computed for each parameter in the equations used to compute the reference cell, sample cell, and void volumes and the equation used to calculate the gas storage capacity for each isotherm step.

( )

2 2 2 1 2 1 2 1 2

, , ,

n n n

f f f df x x x dx dx dx x x x ⎛ ⎞ ⎛ ⎞ ⎛ ⎞ ∂ ∂ ∂ ⋅⋅⋅ = + + ⋅⋅⋅+ ⎜ ⎟ ⎜ ⎟ ⎜ ⎟ ∂ ∂ ∂ ⎝ ⎠ ⎝ ⎠ ⎝ ⎠

(6) The calibration errors are used to estimate the uncertainty in each step of the isotherm measurements. The individual items are the combination of the partial derivative of the total gas storage capacity with respect to the parameter times the maximum error in the parameter. These parameters were squared and added in accordance with Equation 6 to estimate the total uncertainty. Refer to Appendix B, Methane Gas Storage Capacity, pp. 12, to review the total gas storage capacity uncertainty associated with the isotherm conducted for sample ISO052-7. TICORA emphasizes that gas storage capacity data are not measured directly but are computed from measured pressure and temperature conditions. By taking great care to maximize measurement accuracy while minimizing systematic and random errors TICORA has found that we can measure gas storage capacity data with an average uncertainty of ±5% or less. TICORA takes pride in full disclosure of all data involved with sorption isotherm measurements.

5.0 REFERENCES

1. Mavor, M.J., Hartman, C., and Pratt, T.J.: “Uncertainty in Sorption Isotherm Measurements”, paper 411, Proceedings 2004 International Coalbed Methane Symposium, University of Alabama, Tuscaloosa, AL (May 2004) 2. Testa, S.M. and Pratt, T.J.: “Sample Preparation for Coal and Shale Gas Resource Assessment”, paper 356, 2003 International Coalbed Methane Symposium, University of Alabama, Tuscaloosa, AL (May 5-9, 2003)

• 3. 2001 Annual Book of ASTM Standards, Volume 05.05 Gaseous Fuels; Coal and Coke, American

Society for Testing and Materials, Philadelphia, PA (2001).

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Appendix A Cell Volume and Void Volume Calibration

Calibration Data with Empty Sample Cell

Reference Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.48 0.48 0.01 143.75 97.03 1.00438 53.08 97.04 1.00162 2 2.78 3.24 0.47 315.82 97.05 1.00962 148.19 97.04 1.00451 3 3.88 4.43 0.56 504.11 97.05 1.01538 276.66 97.02 1.00843 4 20.36 21.11 0.75 1008.02 97.05 1.03083 539.23 97.05 1.01645 5 21.69 23.01 1.32 1575.27 97.07 1.04828 913.93 97.05 1.02794 6 23.97 25.85 1.88 2069.77 97.06 1.06353 1,320.52 97.03 1.04044 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.48 2.78 2.30 1.40 97.09 1.00004 52.99 97.11 1.00161 2 2.78 3.88 1.10 52.99 97.11 1.00161 147.90 97.13 1.00450 3 3.88 20.36 16.48 147.90 97.13 1.00450 276.38 97.12 1.00842 4 20.36 21.69 1.33 276.38 97.12 1.00842 538.09 97.14 1.01641 5 21.69 23.97 2.28 538.09 97.14 1.01641 904.10 97.15 1.02763 6 23.97 25.85 1.88 904.10 97.15 1.02763 1,317.48 97.16 1.04034

Calibration Data with Calibration Bearings in Sample Cell

Reference Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.07 1.78 0.72 168.89 96.82 1.00514 89.32 96.76 1.00272 2 2.19 2.68 0.48 322.76 96.77 1.00984 210.63 96.76 1.00642 3 3.13 3.44 0.31 500.41 96.76 1.01527 361.06 96.74 1.01101 4 4.10 16.84 12.75 1001.19 96.72 1.03064 691.83 96.87 1.02113 5 18.46 21.83 3.37 1582.85 96.87 1.04854 1,150.68 96.87 1.03523 6 22.99 23.86 0.88 2398.39 96.84 1.07371 1,790.35 96.82 1.05494 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.07 2.19 1.13 3.39 96.95 1.00010 89.63 96.95 1.00273 2 2.19 3.13 0.93 89.63 96.95 1.00273 210.79 96.96 1.00642 3 3.13 4.10 0.97 210.79 96.96 1.00642 360.90 96.92 1.01100 4 4.10 18.46 14.36 360.90 96.92 1.01100 690.79 97.03 1.02110 5 18.46 22.99 4.53 690.79 97.03 1.02110 1,148.06 97.01 1.03514 6 22.99 23.86 0.88 1148.06 97.01 1.03514 1,785.66 97.01 1.05478

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Appendix A (continued)

Sample Cell Void Volume Calibration Data

Reference Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.14 18.35 17.21 164.45 129.98 1.00469 80.55 129.93 1.00230 2 19.08 19.56 0.48 350.65 129.93 1.01001 208.93 129.93 1.00596 3 20.06 22.43 2.38 512.75 129.94 1.01465 353.21 129.94 1.01008 4 23.02 24.35 1.32 990.98 129.94 1.02840 654.60 129.94 1.01872 5 43.97 45.31 1.34 1613.63 129.94 1.04637 1,105.39 129.92 1.03169 6 45.95 46.48 0.53 2377.77 129.93 1.06849 1,701.89 129.98 1.04891 Sample Cell Step Start Time Step End Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

1.14 19.08 17.94 3.53 129.96 1.00010 80.17 129.95 1.00229 2 19.08 20.06 0.98 80.17 129.95 1.00229 208.92 129.95 1.00596 3 20.06 23.02 2.97 208.92 129.95 1.00596 353.36 129.96 1.01009 4 23.02 43.97 20.94 353.36 129.96 1.01009 654.33 129.95 1.01872 5 43.97 45.95 1.98 654.33 129.95 1.01872 1,106.76 129.95 1.03173 6 45.95 46.48 0.53 1106.76 129.95 1.03173 1,704.10 130.01 1.04898

Cell Volume Calibration Data

Reference Cell Volume Sample Cell Volume Void Volume Step Number cm3 cm3 cm3 1 116.00 203.03 126.49 2 115.85 203.02 126.80 3 116.15 203.42 127.12 4 116.11 203.48 127.41 5 116.14 203.42 126.94 6 116.04 203.21 126.87 Average 116.05 203.26 126.94 Value Deviation From Average Parameter cm3 % Interpretation Reference Cell Volume 116.07 0.0210 Interpretation Sample Cell Volume 203.27 0.0037 Interpretation Void Volume 126.93

• 0.0048

Interpretation Parameters

Parameter Units Value Sample Mass g 169.62 Sample Density (Void Volume Based) g/cm3 2.22 Total Calibration Bearings Volume cm3 96.53 Helium Molecular Weight g/gmole 4.0026 The N.I.S.T Pure Fluids Data Base was the Equation of State used to calculate all free gas densities.

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Appendix B Methane Gas Storage Capacity

Methane Sorption End Point Data

Reference Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.69 3.38 2.69 257.54 130.09 0.97910 119.77 130.08 0.99014 2 5.23 6.46 1.22 955.58 130.09 0.92944 519.87 130.10 0.95907 3 8.17 10.67 2.51 1,378.94 130.10 0.90633 931.99 130.09 0.93090 4 22.38 24.50 2.12 1,808.96 130.09 0.89012 1,349.91 130.10 0.90771 5 25.24 27.00 1.77 2,233.79 130.08 0.88235 1,766.51 130.12 0.89139 6 27.80 32.05 4.25 2,658.40 130.11 0.88302 2,179.62 130.09 0.88288 Sample Cell Step Start Time Step Stop Time Step Elapsed Time Pre-Open Pressure Pre-Open Temp. Pre-Open z Factor Stabilized Pressure Stabilized Temp. Stabilized z Factor Step Number hours hours hours psia F

• psia

F

• 1

0.69 5.23 4.54 2.58 130.12 0.99979 119.22 130.14 0.99019 2 5.23 8.17 2.93 119.22 130.14 0.99019 519.47 130.13 0.95911 3 8.17 22.38 14.21 519.47 130.13 0.95911 930.94 130.17 0.93101 4 22.38 25.24 2.86 930.94 130.17 0.93101 1,351.01 130.15 0.90769 5 25.24 27.80 2.57 1351.01 130.15 0.90769 1,768.34 130.16 0.89137 6 27.80 32.05 4.25 1768.34 130.16 0.89137 2,182.34 130.16 0.88291 Average Temperature 130.15

Experimentally Determined Storage Capacity Data

Stabilized Sample Cell Pressure Stabilized Sample Cell Gas Density Gibbs Storage Capacity Correction Factor Gibbs Storage Capacity True Storage Capacity 100% TOC Storage Capacity Step Number psia g/cm3

• scf/ton

scf/ton scf/ton 1 119.22 0.00489 1.0117 17.38 17.59 145.71 2 519.47 0.02199 1.0549 50.84 53.64 444.37 3 930.94 0.04060 1.1064 76.04 84.13 697.01 4 1,351.01 0.06043 1.1670 90.46 105.57 874.66 5 1,768.34 0.08054 1.2357 101.43 125.34 1,038.41 6 2,182.34 0.10035 1.3117 112.25 147.24 1,219.87

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Appendix B (continued)

Propogated Uncertainty

Stabilized Sample Cell Pressure Storage Capacity Uncertainty 100% TOC Storage Capacity Uncertainty Step Number psia scf/ton scf/ton 1 119.22 0.58 4.82 2 519.47 5.01 41.54 3 930.94 6.97 57.76 4 1351.01 9.43 78.13 5 1768.34 12.11 100.34 6 2182.34 14.79 122.55

Interpretation Parameters

Parameter Units Value Methane molecular weight g/gmole 16.0428 Methane sorbed density g/cm3 0.4234 Reference Cell Volume cm3 116.07 Sample Cell Volume cm3 203.27 Sample Cell Void Volume cm3 126.93 The N.I.S.T Pure Fluids Data Base was the Equation of State used to calculate all free gas densities.

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Appendix C Langmuir Regression

Experimental Storage Capacity Data Stabilized Sample Cell Pressure Storage Capacity 100% TOC Storage Capacity Step Number psia scf/ton scf/ton 1 119.22 17.59 145.71 2 519.47 53.64 444.37 3 930.94 84.13 697.01 4 1,351.01 105.57 874.66 5 1,768.34 125.34 1,038.41 6 2,182.34 147.24 1,219.87 Langmuir Regression Data Parameters Storage Capacity 100% TOC Storage Capacity Slope 0.0038 0.0005 Intercept 7.1818 0.8668 Regression Coefficient (squared) 0.9595 0.9595 Intercept Variation, psia*ton/scf 1.8398 0.2221 Slope Variation, ton/scf 0.0014 0.0002 GsL Variation, scf/ton 0.85 7.04 PL Variation, psia 653.23 653.23 Langmuir Volume, scf/ton 262.60 2175.66 Langmuir Pressure, psia 1885.97 1885.97 Calculated Langmuir Fit Storage Capacity Data Stabilized Sample Cell Pressure Storage Capacity 100% TOC Storage Capacity Step Number psia scf/ton scf/ton 1 119.22 15.61 129.35 2 519.47 56.71 469.85 3 930.94 86.79 719.02 4 1,351.01 109.60 908.05 5 1,768.34 127.07 1,052.81 6 2,182.34 140.87 1,167.08 Reservoir Pressure 1,481.51 115.53 957.17